Erez Law is currently investigating NYLife Securities LLC broker Margarita Flores (CRD# 2440637), who is accused of insurance losses. She has been registered with NYLife Securities LLC in El Paso, Texas, since 1994.
Margarita Flores Customer Complaints
She has been the subject of one customer complaint, according to his CRD report:
November 2022. “Customer alleges that he was not informed of fees, taxes and charges related to his additional investment into an existing variable universal insurance policy in November 2022. Customer has requested the cancellation of the additional investment and the return of his funds without penalty or fees.” The case was settled for $100,000.
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 Margarita Flores’ 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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