DID JOSEPH GUY BEAM CAUSE YOU INVESTMENT LOSSES?
About Joseph Beam formerly with NYLife Securities LLC?
Joseph Guy Beam (CRD #4090628) ) was registered with NYLIFE Securities LLC from April 2000 to July 2023. He has passed two general industry/product exams (Series 6 and SIE) and one state securities law exam (Series 63). During his tenure with NYLIFE, he was based out of Guntersville, Alabama, while also managing The Beam Financial Group, his insurance brokerage business, since November 2006.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Joseph Beam Customer Complaint and Reviews
- Total Incidents: 1
- Customer Dispute (Settled):
- Date Notice Served: May 18, 2023
- Allegations: The estate’s personal representative alleged that Beam misled them into writing checks intended for investments, which were instead cashed or deposited.
- Alleged Damages: $31,500
- Disposition: Settled on November 7, 2023, for $45,000, with the entire amount contributed by Beam.
Allegations Against Joseph Beam
- Customer Complaint:
- Misleading Checks: Beam was accused of misleading the personal representative of an estate into issuing checks that were meant for investment purposes but were cashed or deposited instead. The complaint was settled in court for $45,000.
Joseph Beam Red Flags & Your Rights As An Investor
Of course, Joseph Beam did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Joseph Beam at NYLife Securities LLC on alert to review carefully the activity and performance of their accounts and question whether Joseph Beam has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at NYLife Securities LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At NYLife Securities LLC Due To Joseph Beam
If you have questions about NYLife Securities LLC and/or Joseph Beam and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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