DID STEPHEN BRIAN VANESKO CAUSE YOU INVESTMENT LOSSES?
Stephen Vanesko Of NYLife Securities LLC Has A Customer Complaint For Alleged Broker Misconduct
About Stephen Vanesko of NYLife Securities LLC?
Stephen Brian Vanesko (CRD #6386519) joined NYLife Securities LLC in February 2016, and he has registrations with three U.S. states and territories, and has passed a modest number of exams: two general industry/product exams and one multi-state securities law exam. No principal/supervisory exams have been completed, which calls into question his depth of expertise in managing or overseeing brokerage activities.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Stephen Vanesko Customer Complaint and Reviews
- Number of Incidents: 1 Pending Customer Dispute
- Details of the Dispute:
- Allegations: The customer lodged a complaint concerning a Variable Annuity policy purchased in May 2023, criticizing its long holding period and lack of liquidity, which was not suitable considering his age and limited understanding of the product.
- Outcome: As of November 7, 2023, the complaint is pending. The firm has acknowledged that the damages could potentially exceed $5,000, indicating that the issue may be more significant than initially assessed.
Allegations Against Stephen Vanesko
- Unsuitable Investment Recommendations: The allegation against Stephen B. Vanesko includes recommending a Variable Annuity product that purportedly did not match the client’s investment profile, specifically criticizing the product’s liquidity constraints and its unsuitability given the client’s age and limited financial knowledge. This situation suggests a failure to adhere to the suitability standards required of financial advisors.
Stephen Vanesko Red Flags & Your Rights As An Investor
Of course, Stephen Vanesko 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 Stephen Vanesko at NYLife Securities LLC on alert to review carefully the activity and performance of their accounts and question whether Stephen Vanesko 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 Stephen Vanesko
If you have questions about NYLife Securities LLC and/or Stephen Vanesko 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.
Rate this Post
Loading...