Erez Law is currently investigating NYLife Securities LLC broker Ronnie Cochran (CRD# 2104444) regarding variable annuity investment losses. He has been registered with NYLife Securities LLC in Blacksburg, Virginia, since 1999.
Ronnie Cochran Customer Complaints
He has been the subject of three customer complaints between 2007 and 2023, one of which was denied, according to his CRD report:
July 2023. “Customers allege that variable annuity distributions between 2022 – 2023 to fund the premiums on separate variable annuities created a higher tax liability while also placing the assets under surrender charges. The customers further allege that this did not consider the liquidity needs of the client.” The case was settled for $130,554.97. The complaint was regarding variable annuity investment losses.
April 2015. “The customer alleges that in February 2015 she was not informed of all the available options associated with the disbursement of death benefit proceeds of her late husband’s variable annuity policy. customer requests that her variable annuity be replaced with a different type of contract.” The customer sought $14,148.80 in damages, and the case was settled for $19,654.68. The complaint was regarding variable annuity investment losses.
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 Ronnie Cochran’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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