One or more investors apparently complained about securities broker Sharon Lynn Pensabene [CRD: 2368040, Lompoc, California], according to disclosures on FINRA BrokerCheck. Sharon Pensabene worked for NYLIFE Securities LLC from July 25, 1997 to February 1, 2024. Keep reading to learn more about the securities broker’s disclosures and what they could mean for investors.
Evidently, on February 10, 2025, a NYLIFE Securities LLC client filed a complaint about Sharon Pensabene. Namely, the client alleged forgery on life insurance policy forms—such as payment, loan, and dividend forms. Because of this, the client allegedly incurred damages relating to life insurance products. Therefore, the client requested more than $5,000 in compensation from NYLIFE Securities LLC or Pensabene.
Specifically, on January 12, 2024, NYLIFE Securities LLC disaffiliated with Pensabene. NYLIFE Securities LLC alleged that Pensabene failed to follow company rules, including the use of an unapproved business name related to health insurance and the use of text messaging for business purposes outside the firm’s official communication platform.
Also, a client of NYLIFE Securities LLC contested Sharon Pensabene’s sales practices, according to a complaint. Allegedly, Pensabene caused the client to sustain damages through investments in fixed annuities and variable annuities. Consequently, NYLIFE Securities LLC chose to settle the matter on July 31, 2023, by compensating the client in the amount of $5,372.28.
Particularly, a client filed a complaint about Sharon Pensabene. Supposedly, Pensabene failed to make her understand information relating to investing, resulting damages. On July 25, 2023, NYLIFE Securities LLC settled this matter by paying the client $5,372.28 in damages.
Additionally, a client of NYLIFE Securities LLC contested Sharon Pensabene’s sales practices, according to a complaint. Allegedly, Pensabene caused the client not to understand their variable annuities and fixed annuities purchases. Therefore, NYLIFE Securities LLC opted to settle the matter on July 25, 2023, by compensating the client in the amount of $5,732.94.
Did you experience losses because of Sharon Pensabene? If so, contact Soreide Law Group online or at (888) 760-6552 and speak to a securities lawyer about a possible recovery. Soreide Law Group has over a decade of experience recovering losses for investors throughout the United States. The law firm also takes cases on a contingency fee arrangement and advances all costs. Pensabene and securities firms / investment advisories Pensabene worked for deny accusations of sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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