DID MICHAEL THOMAS DAMON CAUSE YOU INVESTMENT LOSSES?
Michael Damon Of NYLife Securities LLC Has 3 Customer Complaints For Alleged Broker Misconduct
Who is Michael Damon of NYLife Securities LLC?
Michael Damon (CRD #4501030) who is currently registered as a broker and investment adviser with NYLife Securities LLC and located in Medway, Massachusetts, is a subject of one of our many securities industry sales practice abuse investigations. Prior to NYLife Securities LLC, Michael Damon 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.
Michael Damon Customer Complaints
Michael Damon has been the subject of 3 customer complaints that we know about seeking to recover investment losses. Two of the customer complaints were settled by NYLIFE in favor of the investors. The brokerage firm recently denied in another customer complaint and so far, the investor has not filed any arbitration proceeding are taken any other action.
Allegations Against Michael Damon
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Unsuitable recommendation to purchase variable annuity contracts.
- Failure to disclose rider fees in connection with variable annuity contract purchase.
- Failure to disclose surrender charges that would be associated with withdrawing money from variable annuity contract.
Michael Damon Red Flags & Your Rights As An Investor
Of course, Michael Damon 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 Michael Damon at NYLife Securities LLC on alert to review carefully the activity and performance of their accounts and question whether Michael Damon 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 Michael Damon
If you have questions about NYLife Securities LLC and/or Michael Damon 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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