Nylife Securities LLC

There are Recent Customer Complaints with Broker Xiao Mei Chen in Firm Nylife Securities LLC

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Xiao Mei Chen (Chen), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Chen recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $5,000,000.00 on May 12, 2025.

Claimant alleges, among other things, that she was misled when it was recommended, she use the proceeds of her 401K containing mutual funds and bonds to purchase a Fixed Annuity leading to lost market opportunity. Claimant seeks general and compensatory damages over $5,000,000, attorneys’ fees, punitive damages, costs and interest.

There are Recent Customer Complaints with Broker Ronnie Cochran in Firm Nylife Securities LLC

July 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronnie Cochran (Cochran), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cochran recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on July 24, 2023.

Customers allege that variable annuity distributions between 2022 – 2023 to fund the premiums on separate variable annuities created a higher tax liability while also placing the assets under surrender charges. The customers further allege that this did not consider the liquidity needs of the client.

Broker Jolly Luthra in Nylife Securities LLC Firm Has Customer Complaint

July 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jolly Luthra (Luthra), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Luthra recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on July 31, 2023.

Plaintiffs allege, among other things, that they were misled into purchasing variable annuities and insurance after liquidating mutual funds at a prior firm. They also allege that the recommended variable annuity purchased in April 2021 was inappropriate for their needs.

Broker Brandon Kohnen in Nylife Securities LLC Firm Has Customer Complaint

July 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brandon Kohnen (Kohnen), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kohnen recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on August 03, 2023.

The Customer alleges she was misinformed when insurance policies, including a VUL, were recommended to her in May 2022.

Broker Chantal Joseph in Nylife Securities LLC Firm Has Customer Complaint

July 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chantal Joseph (Joseph), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Joseph recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $1,000.00 on August 14, 2023.

The policyowner alleges that on or about July 2022 she provided the RR with two blank money orders for $500 each with the funds to be applied to pay the premiums for her life insurance policy and that the RR cashed the money orders instead and did not pay her premiums.

There are Recent Customer Complaints with Broker Marco Diflorio in Firm Nylife Securities LLC

July 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marco Diflorio (Diflorio), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Diflorio recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on September 19, 2023.

The Customer alleges he was misled regarding surrender charges related to his variable annuity.

There are Recent Customer Complaints with Broker Dana Zimmerman in Firm Nylife Securities LLC

July 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dana Zimmerman (Zimmerman), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Zimmerman recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on September 28, 2023.

Customer alleges the Variable Annuities purchased between October 2021- December 2021 along with the transfer of ETF equities negatively impacted the customer and did not consider her needs in retirement.

There are Recent Customer Complaints with Broker Anthony Taylor in Firm Nylife Securities LLC

July 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Anthony Taylor (Taylor), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Taylor recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on September 22, 2023.

The Customer alleges they received inaccurate information related to the charges associated with their mutual fund account, which resulted in unanticipated withdrawal charges.

Broker Ralph Thompson in Nylife Securities LLC Firm Has Customer Complaint

July 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ralph Thompson (Thompson), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Thompson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on October 09, 2023.

The customer alleges that he was misled when he purchased a Variable Universal Life Insurance policy in October 2022 and would like to exit the policy without incurring penalties.

There are Recent Customer Complaints with Broker Allen Martin in Firm Nylife Securities LLC

July 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Allen Martin (Martin), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Martin recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $25,000.00 on October 25, 2023.

The policyowner alleges the RR did not fully inform him that he purchased a variable universal life insurance policy in February 2018. He believed he had purchased an annuity that included a life insurance policy. The policyowner later learned that he purchased a variable universal life insurance policy and not an annuity. The company has offered to rescind policy and refund premiums paid less the cost of term insurance for the time the policy was in-force.