NYLife Accused Of Annuity Fraud

Christopher Tucciariello of New Windsor New York a stockbroker currently employed by NYLife Securities LLC is the subject of a customer initiated investment related written complaint which was settled for $15,000.00 on October 8, 2018 based upon accusations that misrepresentations had been made to the customer by Tucciariello with regard to the surrender fees paid by the customer in liquidating a variable annuity.

Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on June 23, 2016, a customer initiated investment related complaint regarding Tucciariello’s conduct was resolved for $13,051.00 in damages founded on allegations that while Tucciariello was registered with NYLife Securities LLC, omissions had been made to the customer concerning the tax liabilities pertaining to the customer’s surrender of a variable annuity and subsequent transfer of assets into a customer’s investment account.

Tucciariello has been employed by NYLife Securities LLC since January 1, 2002.