DID RODNEY S FERGUSON CAUSE YOU INVESTMENT LOSSES?
Rodney Ferguson Of NYLife Securities LLC Has 11 Customer Complaints For Alleged Broker Misconduct
Who is Rodney Ferguson of NYLife Securities LLC?
Rodney Ferguson (CRD #2482868) who was formerly registered with NYLife Securities LLC and located in Chesterfield, Missouri, is a subject of one of our many securities industry sales practice abuse investigations. Prior to NYLife Securities LLC, Rodney Ferguson was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Rodney Ferguson Customer Complaints
Rodney Ferguson has been the subject of 11 customer complaints that we know about seeking to recover investment losses. Five of the customer complaints were settled by NYLIFE Securities or Rodney Ferguson’s alleged misconduct in favor of the investors. The brokerage firm only denied one customer complaint. There are currently 5 more FINRA arbitration proceedings filed against the brokerage firm for the advisor’s alleged misconduct that are still pending.
Allegations Against Rodney Ferguson
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Recommendation and sale of multiple redundant insurance policies and annuities which were unsuitable for client.
- Unsuitable recommendations to purchase life insurance and fixed annuities.
- Life insurance policy application did not contain genuine signature of customer.
- Failure to fully disclose features of variable universal life insurance policy.
- Recommendation to switch from tax-exempt bonds to variable annuity contract was inappropriate.
- Failure to follow customer’s instructions with respect to variable life insurance policy.
- Failure to fully disclose information related to mutual fund investment.
- Unsuitable recommendations to switch from investment in 401(k) to variable annuity contract.
- Unsuitable recommendations to liquidate and annuity contract.
Rodney Ferguson Red Flags & Your Rights As An Investor
Of course, Rodney Ferguson 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 Rodney Ferguson at NYLife Securities LLC on alert to review carefully the activity and performance of their accounts and question whether Rodney Ferguson 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 Rodney Ferguson
If you have questions about NYLife Securities LLC and/or Rodney Ferguson 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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