Erez Law is currently investigating NYLife Securities LLC broker Michael Nichols (CRD# 4699651) regarding fixed annuity losses. He has been registered with NYLife Securities LLC in Waltham, Massachusetts, since 2015, and with Eagle Strategies LLC in Waltham, Massachusetts, since 2021.
Michael Nichols Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
March 2024. “With regard to a fixed annuity policy purchased in April 2016, the Policy owner alleged the funds, received from another firm, were intended as a retirement investment and due to inaccurate information received from the RR, she missed growth opportunity for several years.” The case was settled for $320,000. The complaint was regarding mutual funds and fixed annuities. The complaint took place while he 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 Michael Nichols’ 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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