DID PARIS MONTE LEWIS CAUSE YOU INVESTMENT LOSSES?
Paris Lewis Formerly With NYLife Securities LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Paris Lewis of formerly with NYLife Securities LLC?
Paris Lewis (CRD #2335964) is a former registered broker with a career spanning several decades, primarily focused on the sale of securities and insurance products. He was employed as a registered broker with NYLIFE Securities LLC (2015–2020), MetLife Securities Inc. (1994–2015), and Metropolitan Life Insurance Company (1994–2007). Over his career, he passed three general industry/product exams and two multi-state securities law exams, such as the Series 7 (General Securities Representative) and Series 65 (Uniform Investment Adviser Law Exam). However, he has no principal or supervisory qualifications. Mr. Lewis is no longer registered as a broker. His employment history also includes terminations from two firms due to alleged policy violations related to borrowing money from a client and unapproved outside business activities.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Paris Lewis Customer Complaints and Reviews
Paris Lewis has four notable disclosure events: two customer disputes and two employment terminations:
- Customer Disputes:
- Complaint 1 filed September 2023: The claimant alleged two large unauthorized withdrawals from a variable annuity totaling $38,060.37.
- Outcome: The firm denied the complaint, citing insufficient evidence.
- Complaint 2 filed September 2024: The claimant alleged unauthorized withdrawals totaling $150,000 from a variable annuity beginning in 2019.
- Status: The case, filed with FINRA Dispute Resolution Services, is ongoing.
- Employment Terminations:
- NYLIFE Securities LLC (2019): Mr. Lewis was discharged for violating company policy by borrowing money from a customer, an issue brought to light through a verbal complaint.
- MetLife (2015): He was terminated for not adhering to firm policy regarding outside business activities.
Allegations Against Paris Lewis
The allegations against Paris Lewis include significant concerns related to unauthorized transactions and policy violations. Key issues include:
- Customer Allegations:
- Complaints regarding unauthorized withdrawals from variable annuities suggest potential lapses in transactional oversight or improper handling of client accounts.
- Policy Violations:
- Borrowing money from a customer, as alleged by NYLIFE Securities LLC, is a serious breach of industry standards. Similarly, unapproved outside business activities at MetLife indicate non-compliance with firm rules.
- Pending Legal Proceedings:
- The ongoing $150,000 dispute raises unresolved questions about Mr. Lewis’s conduct and adherence to client agreements.
Paris Lewis Red Flags & Your Rights As An Investor
Of course, Paris Lewis 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 Paris Lewis at NYLife Securities LLC on alert to review carefully the activity and performance of their accounts and question whether Paris Lewis 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 Paris Lewis
If you have questions about NYLife Securities LLC and/or Paris Lewis 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...