Variable Annuity Losses with NYLIFE Securities LLC Broker Cynthia Barreira

Nylife Securities LLC

Were you the victim of NYLIFE Securities LLC broker Cynthia Barreira (CRD# 6158367) related to variable annuity investment losses? She has been registered with NYLIFE Securities LLC in Knoxville, Tennessee, since 2013. 

Cynthia Barreira Customer Complaints

She has been the subject of one customer complaint, according to her CRD report:

October 2022. “Claimant alleges that the recommendation to purchase 2 variable annuities in July and August 2021 was not consistent with her need for current income and/or liquidity. Claimant requests compensatory damages in the amount of $175,000, plus interest, costs reimbursement of withdrawal penalties and commission disgorgement.” The customer is seeking $175,000 in damages and the case is currently pending. The complaint was regarding variable annuity investment losses. 

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 Cynthia Barreira’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, 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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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.