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NYLIFE Securities LLC Broker William Humbarger Investment Loss Options

Posted on Wednesday, December 2nd, 2020 at 8:51 pm    

NYLIFE Securities LLC

Were you the victim of NYLIFE Securities LLC broker William Humbarger (CRD# 4294223)? Humbarger has been registered with NYLIFE Securities LLC in Indianaola, Mississippi since 2000. 

Humbarger has been the subject of four customer complaints between 2009 and 2020, one of which was denied, according to his CRD report:

August 2020. “Plaintiff alleges that beginning in or around 2013, he was not provided professional, accurate, complete, learned service, information and advice regarding the policy performance and viability. Plaintiffs seek compensatory, consequential and punitive damages, costs and fees.” The case is currently pending. The complaint was regarding insurance. 

August 2020. “Plaintiffs allege that beginning in or around 2016, the advice and service they received has been inaccurate, misleading , incomplete and not in their best interest. Plaintiffs seek compensatory, consequential and punitive damages, costs and fees.” The case is currently pending. The complaint was regarding insurance. 

August 2020. “Plaintiffs allege that in or about March 2016 they were told that no changes were necessary to their VULs and were not informed that their VUL policies were in jeopardy of lapsing. Plaintiffs seek compensatory and punitive damages as well as costs and fees.” The case is currently pending. The complaint was regarding index options. 

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 Humbarger’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.