Broker, GEORGE R SHADIE (CRD#: 2513286), previously listed with NYLIFE SECURITIES, LLC, in Wilkes Barre, Pennsylvania, has 8 Disclosures on his CRD report, according to FINRA’s BrokerCheck, which is available to the public on FINRA’s website. Of these 8 Disclosures, 4 are Customer Disputes.
In 2012, a client of GEORGE R SHADIE, while Shadie was employed at NYLife Securities alleged, “Regarding the purchase of a fixed immediate annuity in August 2011, the customer alleges that the signature on a tax form dated August 1, 2011 is not his authentic signature. The customer further alleges that he received misleading information regarding the tax consequences of a withdrawal from his variable annuity that funded the new policy.” The FINRA complaint settled for $97,467.90.
According to FINRA’s BrokerCheck, GEORGE R SHADIE was discharged from NYLIFE SECURITIES LLC on February 7, 2019 following allegations that, “Mr. Shadie was terminated after the company's review of his business practices raised a number of concerns regarding the quality of his business.”
GEORGE R SHADIE is not currently registered as a broker. Shadie was in the securities industry for 24 years and listed only with:
01/18/1995 - 03/08/2019 NYLIFE SECURITIES LLC - WILKES BARRE, PA
FINRA states that brokers must collect important information from you about your age, marital status, occupation, financial and tax status, investment objectives, and risk tolerance to assess whether a variable annuity is suitable for you. As its name implies, a variable annuity's rate of return is not always stable, but varies with the stock, bond and money market sub-accounts that you choose as investment options. FINRA adds that there is no guarantee that you will earn any return on your investment and there is a risk that you will lose money.
If you or a loved one have suffered financial losses due to the actions or recommendations of the former NYLIFE SECURITIES of WILKES BARRE, PA, broker, GEORGE R SHADIE, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents investors nationwide before FINRA on a contingency fee basis—no fee to you if no recovery.
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