Thomas Jacobs (CRD 4139430) is a Bay City, Michigan broker. FINRA suspended him from association with any member firm in all capacities for two months and assessed a deferred fine of $2,500, according to an AWC issued August 3, 2026.
Investors potentially incurred losses because of securities broker Kelly Ann Decker [CRD: 4901228, Plymouth, Minnesota], according to information disclosed through Financial Industry Regulatory Authority (FINRA) BrokerCheck. Decker has been registered with NYLIFE Securities LLC since October 27, 2005. Read on to find out more about the client complaints disclosed on Decker's FINRA BrokerCheck report.
Evidently, on April 17, 2026, a NYLIFE Securities LLC client filed a complaint about Kelly Decker. Primarily, the client alleged that Decker made unsuitable recommendations in variable annuities between September 2023 and November 2023 given the clients' objectives. Because of this, the client allegedly sustained damages. Consequently, the client requested compensation from NYLIFE Securities LLC or Decker. The complaint is pending.
Also, on May 21, 2026, a NYLIFE Securities LLC client filed a complaint about Kelly Decker. Mainly, the client alleged that Decker misled the client when purchasing two variable annuities in February 2021 and July 2024. For this reason, the client allegedly sustained damages. As a result, the client requested compensation from NYLIFE Securities LLC or Decker.
Specifically, on March 23, 2026, a NYLIFE Securities LLC client filed a complaint about Kelly Decker. Primarily, the client alleged that Decker made omissions about the surrender fees associated with two variable annuities purchased in December 2025. Because of this, the client allegedly sustained damages. Therefore, the client requested compensation from NYLIFE Securities LLC or Decker. The complaint settled for $82,123.69 on July 1, 2026.
Additionally, a client of NYLIFE Securities LLC disputed Kelly Decker’s sales practices, according to a complaint. Allegedly, Decker made misrepresentations about a variable annuity, failed to fully explain the policy’s surrender charges, and led the client to believe there would be no penalty for withdrawing funds. It appears that Decker caused the client to sustain damages. Consequently, NYLIFE Securities LLC opted to settle the matter on April 14, 2010, by compensating the client in the amount of $5,605.73.
Do you need guidance on any investment losses relating to Kelly Decker? You can contact Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of investors throughout the US. Also, our securities lawyers work on a contingency fee basis and advance all costs. Decker and brokerage firms Decker worked for deny accusations of sales practice violations.
Thomas Jacobs (CRD 4139430) is a Bay City, Michigan broker. FINRA suspended him from association with any member firm in all capacities for two months and assessed a deferred fine of $2,500, according to an AWC issued August 3, 2026.
Mark Sullivan (CRD 2531982) is a Bethlehem, Pennsylvania broker. FINRA suspended him from association with any member firm in all capacities for three months and assessed a deferred fine of $10,000, according to an AWC issued August 6, 2026.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
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