DID MADISON MORGAN CAUSE YOU INVESTMENT LOSSES?
Madison Morgan Of NYLife Securities LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Madison Morgan of NYLife Securities LLC?
Madison Morgan (CRD #7654959) , located in Mandeville, Louisiana, is currently employed by NYLIFE Securities LLC and has been registered with this firm since June 22, 2023. She is registered with one self-regulatory organization (SRO) and licensed in one U.S. state, Louisiana. Madison’s professional background includes previous employment at New York Life Insurance Company, where she has been an agent since December 2022, as well as other roles outside the financial industry She has passed two General Industry/Product Exams but has not taken any Principal/Supervisory or State Securities Law Exams. Her qualifications include the Investment Company Products/Variable Contracts Representative Examination (Series 6) passed on June 22, 2023, and the Securities Industry Essentials Examination (SIE) passed on March 11, 2023.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Madison Morgan Customer Complaints and Reviews
- Customer Dispute Received: September 3, 2024
- Complaint: The customer alleged that the Variable Universal Life insurance policy purchased in December 2023 was not clearly understood at the time of sale and did not take into account their financial status, leading to an inability to afford the premium.
- Status: The complaint is currently pending, and while no specific damages were claimed, the firm has estimated that the damages may exceed $5,000.
- Customer Dispute Received: September 3, 2024
- Complaint: The customer alleged that the Variable Universal Life insurance policy purchased in January 2024 was not clearly explained, particularly regarding surrender charges, and has requested a full refund.
- Status: This complaint is also pending, with the firm making a good faith determination that the damages may exceed $5,000, despite no specific amount being claimed.
Allegations Against Madison Morgan
The allegations against Madison Morgan relate to two customer disputes regarding the sale of Variable Universal Life insurance policies:
- Allegation 1: The customer claimed that the policy purchased in December 2023 was not adequately explained and did not consider their financial status.
- Allegation 2: The second complaint involved the policy purchased in January 2024, where the customer alleged a lack of clarity regarding the policy’s surrender charges.
Madison Morgan Red Flags & Your Rights As An Investor
Of course, Madison Morgan 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 Madison Morgan at NYLife Securities LLC on alert to review carefully the activity and performance of their accounts and question whether Madison Morgan 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 Madison Morgan
If you have questions about NYLife Securities LLC and/or Madison Morgan 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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