FINRA Sanctions TJ Fazzone

Soreide Law Group is investigating possible investor claims against securities broker TJ Fazzone (also known as Timothy Jay Fazzone) [CRD: 1610976, Dublin, OH]. Notably, FINRA sanctioned the securities broker, who worked for NYLife Securities LLC, because Fazzone allegedly converted funds. Here is a brief summary of FINRA’s allegations against Fazzone.

FINRA Sanctions Fazzone For Conversion

Notably, on August 2, 2022, FINRA issued Case: 201906469860,1 punishing TJ Fazzone for infractions. Specifically, Fazzone was barred as a securities broker. For this reason, he cannot work as a broker and in other capacities for FINRA-member firms. Mainly, FINRA alleged that Fazzone converted funds from a client’s estate.

TJ Fazzone Disclosed Unsuitable Recommendations Allegations By NYLife Securities LLC Client

Also, a client of NYLife Securities LLC contested TJ Fazzone’s sales practices by filing FINRA Arbitration: 19-03418. Supposedly, Fazzone made unsuitable investment recommendations. It is alleged that Fazzone caused the client to sustain damages on fixed and variable annuities. Consequently, NYLife Securities LLC opted to settle the matter on April 5, 2021, by compensating the client in the amount of $33,500. However, the firm and Fazzone admit no liability in this settlement.

Fazzone Employment Information

• Fazzone worked for Equity Services Inc. in Dublin, OH, as a securities broker from August of 2018 to November of 2020.
• Fazzone worked for NYLife Securities LLC in Dublin, OH, as a securities broker from June of 2015 to July of 2018.

Did NYLife Securities LLC Securities Broker TJ Fazzone Cause You To Experience Damages?

Have you experienced damages by investing with TJ Fazzone? Reach out to Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for many investors across the country, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. TJ Fazzone and brokerage firms TJ Fazzone worked for deny any and all allegations of sales practice violations.