FINRA barred securities broker Jeffrey Arthur Perryman [CRD: 2019969, Johnstown, Colorado] and investors complained about him, according to disclosures on FINRA BrokerCheck. Apparently, Perryman worked for NYLIFE Securities LLC from April 11, 1990, to May 9, 2024. Keep reading to learn more about the pending allegations concerning Perryman’s conduct while working with this brokerage firm.
Specifically, on February 20, 2025, a NYLIFE Securities LLC client filed Civil Action No. 2025CV30251 about Jeffrey Perryman. Supposedly, Perryman sold unnecessary life insurance policies, including whole life insurance and variable universal life. The claim also alleged that Perryman charged excessive fees and made unsuitable recommendations. Allegedly, the broker also often liquidated and repurchased mutual fund shares. Consequently, the client requested $2,436,000.00 in compensation from NYLIFE Securities LLC or Perryman. Evidently, this civil suit is pending a resolution.
Particularly, a client filed a complaint about Jeffrey Perryman. Supposedly, Perryman maintained incomplete signed forms to effect securities transactions. Because of this, the client allegedly incurred damages through investing in life insurance products. For this reason, on February 6, 2025, NYLIFE Securities LLC settled this matter by paying the client $264,584.26 in damages.
Also, a client of NYLIFE Securities LLC contested Jeffrey Perryman’s sales practices, according to a complaint. Allegedly, Perryman made unsuitable recommendations concerning variable annuities. As a result, NYLIFE Securities LLC opted to settle the matter on May 2, 2025, by compensating the client in the amount of $14,132.77.
Specifically, on October 7, 2024, FINRA issued Case: 2024082109701 sanctioning Jeffrey Perryman. FINRA alleged that Perryman failed to provide information and documents requested by the regulator during its investigation into his potential undisclosed outside business activities, including charging a client fees for services that were not disclosed to his employer. As a result of his failure to comply with FINRA’s information request, he violated FINRA Rule 8210. Consequently, FINRA barred him from acting in any capacity in the securities industry effective October 7, 2024.
Additionally, a client of NYLIFE Securities LLC contested Jeffrey Perryman’s sales practices, according to a complaint. Allegedly, Perryman caused the client to sustain damages through investments in mutual funds and life insurance products. The client alleged that, in February 2022, Perryman misled him into purchasing front-loaded mutual funds in order to pay for premiums on a life insurance policy. Therefore, NYLIFE Securities LLC chose to settle the matter on September 23, 2024, by compensating the client in the amount of $81,462.40.
Also, a client of NYLIFE Securities LLC contested Jeffrey Perryman’s sales practices, according to a complaint. Allegedly, Perryman made misrepresentations relating to life fixed annuities, insurance products, and variable annuities. Because of this, NYLIFE Securities LLC opted to settle the matter on November 6, 2024, by compensating the client in the amount of $118,273.75.
Evidently, NYLIFE Securities LLC disaffiliated with Perryman on April 12, 2024. Allegedly, Perryman went beyond his approved activities as an investment adviser representative of the firm’s affiliate. Supposedly, he charged fees to a client for services that he failed to disclose to his employer.
Do you have concerns or questions about your investments with Jeffrey Perryman? You should get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a possible recovery. Soreide Law Group has recovered losses for investors throughout the United States. The firm also works on a contingency fee arrangement and advances all costs. Perryman and brokerage firms Perryman worked for deny allegations of sales practice violations.
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