Soreide Law Group, on behalf of their client (Claimant), has filed a FINRA arbitration against: NYLIFE SECURITIES LLC (Respondent).
The Claimant, who resides in Florida, maintained an investment relationship with the Respondent and their Financial Advisor, Alan New. According to FINRA’s BrokerCheck, Alan New has 15 disclosures on his CRD report. Many of the disclosures allegedly relate to the Woodbridge Ponzi scheme, which according to the lawsuit, Alan New sold to the Claimant while working for NYLIFE SECURITIES. Alan New has been sued by the SEC for his alleged participation. The Claimant has $110,000 in Woodbridge notes that remain unpaid. If the Respondent would have adequately supervised Alan New, the lawsuit alleges, the Claimant never would have lost his savings during record market returns. Alan New is not named in this lawsuit.
The lawsuit alleges the NYLIFE SECURITIES' actions in this case caused the Claimant damages of no less than $110,000 and constitute negligence, breach of contract, negligent supervision, breach of fiduciary duty, and violations of FINRA rules.
Alan New was in the securities industry for 16 years and was listed with 3 firms. The most recent listed below:
06/18/2004 - 08/30/2016 NYLIFE SECURITIES LLC - FORT WAYNE, IN
Soreide Law Group is bringing this claim against the Respondent for allegedly not supervising sales in the Woodbridge Group. NYLIFE SECURITIES has a duty to supervise all securities related transactions both inside and outside of their firm sold by their representatives.
If you've suffered losses due to the actions or recommendations of NYLIFE SECURITIES LLC of FORT WAYNE, IN and/or their former broker, Alan New, particularly in the alleged Woodbridge Group Ponzi scheme, 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 works on a contingency fee basis and represents our clients nationwide before FINRA.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: GREAT POINT CAPITAL, LLC, (GREAT POINT) and their former registered representative, SUSAN JANE GITT (SUSAN J GITT, SUSAN JANE SCHULTZ) (Respondents). The Claimants are retired and live in Florida. The lawsuit states that the Claimants were looking for conservative income-generating […]
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
Phone:
Fax: 1-954-760-6553
Email: [email protected]