Rachel Graham, Former NYLIFE Broker, Accused By Clients Of Unsuitable VUL Recommendations

Rachel-Marie Graham (CRD: 7508325), a securities broker based in Bonham, Texas, disclosed a client complaint involving possible investor losses, according to Financial Industry Regulatory Authority (FINRA) BrokerCheck disclosures. Graham worked with State Farm VP Management Corp. since April 16, 2025, and with State Farm Investment Management Corp. since March 10, 2026. Here's what the clients alleged.

NYLIFE Clients Accused Rachel Graham Of Unsuitable Recommendations

On June 17, 2026, NYLIFE Securities LLC clients filed a written complaint about Rachel Graham. The clients alleged that four variable universal life (VUL) policies Graham recommended in June 2024 did not fit their stated goals. NYLIFE Securities determined that damages would exceed $5,000. The complaint is ongoing.

What Makes A VUL Policy Recommendation Unsuitable?

Recommendations involving VUL policies can be unsuitable if they do not fit a client's investment goals, financial circumstances, insurance needs, risk tolerance, or expected holding period. These policies combine life insurance with investment options and may involve costs, surrender charges, market risk, and long-term commitments that affect whether they suit a client's needs. A policy may be a poor fit if its costs, limits on access to funds, or complexity conflict with the client's priorities.

Concerned About Investment Losses Involving Rachel Graham?

If you believe you suffered investment losses because of Rachel Graham, you can contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney about possible recovery. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Graham and the brokerage firms Graham worked for deny any allegations of sales practice violations.