<![CDATA[Shammi Samaroo - Israels & Neuman, PLC]]> https://www.israelsneuman.com/blog/tags/shammi-samaroo/ Wed, 20 Aug 2025 15:41:51 GMT en-us <![CDATA[Shammi Samaroo of NYLife Securities is Barred: How to Recover Losses]]> https://www.israelsneuman.com/blog/shammi-samaroo-of-nylife-securities-is-barred-how-to-recover-losses/ https://www.israelsneuman.com/blog/shammi-samaroo-of-nylife-securities-is-barred-how-to-recover-losses/ Wed, 23 Jul 2025 16:11:11 GMT FINRA has filed a regulatory action against financial advisor, Shammi Samaroo of Sunrise, Florida in April 2025.   NY Life filed a regulatory form, alleging that Samaroo was “permitted to resign” while under internal review for potential violations of “company policy”.  NY Life’s company policy was not specifically identified.  In May 2025, Samaroo advised FINRA, through…

]]> FINRA has filed a regulatory action against financial advisor, Shammi Samaroo of Sunrise, Florida in April 2025.   NY Life filed a regulatory form, alleging that Samaroo was “permitted to resign” while under internal review for potential violations of “company policy”.  NY Life’s company policy was not specifically identified.  In May 2025, Samaroo advised FINRA, through his counsel, that he would not respond to FINRA’s request for documents and information.  That led to his expulsion under FINRA Rule 8210, which requires licensed advisors to respond to FINRA investigations.  If you lost money, you may be able to recover losses through FINRA arbitration by contacting the law firm of Israels & Neuman, PLC.

Shammi Samaroo Background

Shammi Samaroo was a representative of NYLife Securities from March 2016 to November 2024 and worked in a Sunrise, Florida office.  He was also licensed to sell insurance through NY Life Insurance.

NYLife Securities’s Potential Responsibility

Under FINRA Rule 3110, brokerage firms like NYLife Securities must reasonably monitor the activities of their representatives.  If the firms failed to adequately supervise Samaroo, they could be liable for any investor harm.

Our firm represents investors throughout the country as well as Florida, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. Attorney David Neuman is licensed to practice law in Florida.  If you were a client of Shammi Samaroo and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

Contact Us for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to speak directly to an experienced attorney.

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