DID JAGRUP CHAND PARIHAR CAUSE YOU INVESTMENT LOSSES?
About Jagrup Parihar of NYLIFE Securities?
Jagrup Parihar (CRD #2724229) is currently employed with NYLife Securities LLC in Creve Coeur, MO, where he has been registered since February 9, 2011. Over his career, Parihar has been registered with several firms, including multiple stints with W&S Brokerage Services, Inc. in different locations and time frames. He has passed two general industry/product exams and one multi-state securities law exam. Parihar’s registrations reflect a focused licensure, being currently registered in one U.S. state or territory. His experience encompasses a variety of roles within the brokerage industry, demonstrating a long-term commitment to his profession.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Jagrup Parihar Customer Complaints and Reviews
Jagrup Chand Parihar has one customer dispute listed in his disclosure events:
- Customer Dispute (1 incident):
- Date Complaint Received: June 26, 2020
- Allegations: The power of attorney for Parihar’s clients alleged that the investment allocation recommendations for variable annuity policies were too conservative and not suitable for the clients’ retirement planning time horizon. The complaint sought a refund of the initial investment but did not specify a claim amount, though it was determined that damages could potentially exceed $5,000.
- Outcome: The complaint was denied on July 30, 2020, with no settlement amount required from Parihar, indicating that the firm found the investments were appropriately handled.
Allegations Against Jagrup Parihar
- Customer Complaint:
- Concerning Products: Annuity – Fixed and Variable
- Date of Incident: Investment recommendations made on October 7, 2011, and October 10, 2011
- Allegations: Inappropriate investment recommendations considering the clients’ time horizon for retirement planning, described as too conservative and resulting in missed capital growth opportunities.
- Status: Denied by the brokerage firm, with no arbitration or litigation pursued.
Jagrup Parihar Red Flags & Your Rights As An Investor
Of course, Jagrup Parihar 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 Jagrup Parihar at NYLIFE Securities on alert to review carefully the activity and performance of their accounts and question whether Jagrup Parihar has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at NYLIFE Securities 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 Due To Jagrup Parihar
If you have questions about NYLife Securities and/or Jagrup Parihar 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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