Securities Lawyers Blog
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.