Can you recover losses due to recommendations by former NYLife Securities LLC broker Paris Lewis (CRD# 2335964)? He was registered with NYLife Securities LLC in Downers Grove, Illinois, from 2015 to 2020, when he was terminated regarding, “Mr. Lewis was terminated after he violated company policy by borrowing money from a customer. The company became aware of this matter when the company received a verbal customer complaint.” He was previously registered with MetLife Securities Inc. in Downers Grove, Illinois, from 1994 to 2015, when he was terminated regarding, “The registered representative did not follow firm policy with respect to outside business activities.”
Paris Lewis Customer Complaints
He has been the subject of two customer complaints between 2023 and 2024, one of which was denied, according to his CRD report:
September 2024. “The claimant alleges that beginning in 2019, there were withdrawals from her variable annuity without her knowledge and consent. The claim seeks compensatory damages of approximately $150,000, plus interest, fees, costs, and other damages.” The customer is seeking $150,000 in damages, and the case is currently pending. The complaint was regarding variable annuity investment losses, and 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 Paris Lewis’ 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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