Were you the victim of NYLife Securities LLC broker Sharon Pensabene (CRD# 2368040)? She has been registered with NYLife Securities LLC in Lompoc, California, from 1997 to 2024, when he was terminated regarding, “Sharon Pensabene was terminated after a review concluded she failed to follow company rules, including continued use of an unapproved DBA and texting for business purposes outside the company’s approved platform.”
Sharon Pensabene Customer Complaints
She has been the subject of five customer complaints between 2023 and 2025, according to her CRD report. The most recent complaint was regarding:
February 2025. “Customers allege that several forms on their life insurance policies related to dividend withdrawal, policy loans, and payment preferences contain signatures that are not theirs, therefore they have requested a review of these forms.” The case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, NYLife Securities LLC may be liable for investment or other losses suffered by Sharon Pensabene’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses due to broker misconduct, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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