DID MARK VERNON PERNICANO CAUSE YOU INVESTMENT LOSSES?
About Mark Pernicano of NYLife Securities LLC?
Mark Pernicano (CRD #1878376) located in Southfield, Michigan is a registered securities broker and investment adviser representative with over 35 years of experience in the financial industry. He has been employed by NYLIFE Securities LLC as a registered broker since June 18, 2002. Prior to joining NYLIFE, he worked for Walnut Street Securities, Inc. from October 1990 to May 2002, Coordinated Capital Securities of WI Inc. from April 1990 to October 1990, and Jason Mackenzie Securities Corporation from May 1989 to October 1989. Pernicano has passed one Principal/Supervisory Exam, two General Industry/Product Exams, and one Multi-State Securities Law Exam. He holds registrations with one Self-Regulatory Organization (SRO) and is licensed to operate in one state – Michigan.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Mark Pernicano Customer Complaints and Reviews
He has one Disclosure recorded in his BrokerCheck report:
- Customer Dispute Filed October 29, 2024
- Complaint: The customer alleges that they were not informed about the surrender charges they would incur from their previous fixed annuity when transferring funds to a variable annuity purchased in February 2023. Additionally, the customer is dissatisfied with the annual yield of the fixed annuities.
- Product Type: Fixed Annuity and Variable Annuity
- Damages: $38,633.25
- Status: The complaint is under review and is pending
Allegations Against Mark Pernicano
The pending customer dispute relates to annuity product disclosures, particularly regarding surrender charges and investment performance.
Annuities, especially variable annuities, are complex financial products that may carry fees, surrender penalties, and fluctuating returns, which should be fully disclosed before purchase.
The alleged damages amount to $38,633.25, a substantial sum, which suggests a potential financial impact on the client.
Mark Pernicano Red Flags & Your Rights As An Investor
Of course, Mark Pernicano 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 Mark Pernicano at NYLife Securities LLC on alert to review carefully the activity and performance of their accounts and question whether Mark Pernicano 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 Mark Pernicano
If you have questions about NYLife Securities LLC and/or Mark Pernicano 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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