Lawrence James Rizer, of Columbiana, Ohio, a stockbroker formerly registered with NYLife Securities, LLC, has been terminated from employment on April 6, 2017, based upon allegations that he misappropriated funds belonging to the National Association of Insurance and Financial Advisors. Rizer purportedly took the funds for personal gain during the time he was the local Association’s president.

Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that on May 13, 2005, a customer initiated investment related written complaint involving Rizer’s conduct was settled for $6,231.00 in damages based upon allegations that he misrepresented the tax liability associated with variable annuity transactions.

Rizer’s registration with NYLife Securities, LLC ended on May 5, 2017. Since April 20, 2017, he has been associated with MML Investors Services, LLC.

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