Investors might have suffered losses due to securities broker Paula K. Petersen (also known as Paula Schamberger) [CRD: 7078487, Aspen, Colorado], given the public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Petersen worked for NYLIFE Securities LLC from April 2, 2019, to June 20, 2024, and Hornor, Townsend Kent LLC from June 17, 2024, to January 16, 2026. Keep reading to learn more about disclosures involving this securities broker.
Particularly, on October 28, 2025, a NYLIFE Securities LLC client filed a complaint about Paula Petersen. Mainly, the client alleged that Petersen made unsuitable recommendations involving a variable universal life insurance product purchased in November 2021. For this reason, the client allegedly experienced damages. Therefore, the client requested compensation from NYLIFE Securities LLC or Petersen. The complaint remains pending.
Unsuitable advice involving universal life insurance generally refers to allegations that a securities broker or financial advisor recommended a policy that did not match a client’s financial goals, risk tolerance, liquidity needs, or overall investment profile. These allegations can involve claims that the costs, risks, or long-term funding obligations connected to universal life insurance products were not fully explained before purchase.
Did you experience losses because of Paula Petersen? If so, reach out to Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the US. Also, our securities lawyers work on a contingency fee arrangement and advance all costs. Petersen and brokerage firms Petersen worked for deny accusations of sales practice violations.
Soreide Law Group is investigating potential investor claims involving Cambridge Investment Research following a FINRA disciplinary action concerning Unit Investment Trust (UIT) recommendations. In April 2026, FINRA censured Cambridge Investment Research after finding supervisory deficiencies involving certain UIT recommendations made to retail clients. Investors who incurred excessive fees, unnecessary costs, or other damages associated with […]
Soreide Law Group is investigating potential investor claims involving Infinity Financial Services after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and recommendations. Investors who incurred surrender charges or other losses in connection with variable annuity transactions recommended through Infinity should review the allegations that led to FINRA's disciplinary action against […]
Soreide Law Group is investigating potential investor claims involving losses in NextGenTech Investments LLC, a private fund managed by Sestante Capital LLC that purported to provide investors with economic exposure to shares of private companies, including Anduril Industries. Recent criminal proceedings involving Sestante Capital's manager have raised significant concerns regarding the offering, the representations made […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com