Were you the victim of NYLife Securities LLC broker Scarlett Ramsey (CRD# 6454817) regarding annuity losses? She was registered with NYLife Securities LLC in Lubbock, Texas from 2020 to 2021. Previously, she was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Fort Worth, Texas from January to March 2018 and with BBVA Securities Inc. in Hudson Oaks, Texas from 2015 to 2017.
In August 2021, FINRA barred Scarlett Ramsey after he failed to respond to FINRA requests for information.
Scarlett Ramsey Customer Complaints
She has been the subject of one customer complaint in 2021, according to her CRD report:
June 2021. “The customer states that she purchased fixed annuities and a variable annuity between march and june 2020 based on the RR’s misrepresentations that her annuities were liquid, her money was in the market and she could access her money without penalty. The customer further alleges her former RR coerced her into surrendering a certificate of deposit prior to maturity to fund a fixed annuity used to pay premiums for a life insurance policy in which she had no insurable interest resulting in her incurring a $5,000 surrender charge. The customer requested that the firm cancel all her policies except her variable annuity.” The case was settled for $119,360.11. The complaint was regarding fixed and variable annuities and took place while she was registered with NYLife Securities LLC.
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 Scarlett Ramsey’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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