NYLife Securities LLC (CRD#: 5167, New York, New York) is a brokerage firm which Financial Industry Regulatory Authority (“FINRA”) regulates. Notably, the firm reports on FINRA BrokerCheck that on ten occasions, FINRA or another regulator filed an action against the firm for misconduct. Apparently, those actions concern the firm’s failure to conform to regulatory standards or securities rules. In addition, customers have filed arbitrations against NYLife Securities LLC for sales practice violations. Indeed, on at least seven occasions, arbitrators required NYLife Securities LLC to pay customers after finding the firm responsible for, inter alia, misrepresentation, unsuitability, and breach of fiduciary duties. Not only that, but the firm’s brokers reported many more customer disputes. For example, take a look at disclosures concerning Jeffrey Sleeper.
Jeffrey Thomas Sleeper (CRD#: 2548149, Bellevue, Washington) is presently a NYLife Securities broker. He has worked at the firm’s Bellevue, Washington offices since December 20, 1994. Jeffrey Sleeper shows on his FINRA BrokerCheck Report that at least one customer complained about his sales practices. Specifically, on August 28, 2017, a customer filed a complaint alleging misrepresentation. Allegedly, the customer claims that Jeffrey Sleeper made misrepresentations with respect to the terms and conditions of variable annuities. Evidently, the customer bought those annuities in 2017 after Jeffrey Sleeper misrepresented the products. As a result, the customer demanded compensatory damages. Eventually, the firm agreed to pay the customer $18,597.94. Accordingly, the parties settled the matter on December 6, 2017.
Have you experienced losses by purchasing products from NYLife Securities broker Jeffrey Sleeper? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advance all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
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