WARNING: Piero DiLorenzo of NYLife is BARRED – Melville, NY
Piero DiLorenzo, formerly with NYLife Securities, Barred by FINRA
Have you lost money with financial advisor Piero DiLorenzo? We are looking into allegations made about Piero Benjamin DiLorenzo from Melville, New York. FINRA (the Financial Industry Regulatory Authority) barred DiLorenzo from the securities industry. FINRA alleged that he has failed to respond to its investigation, regarding allegations that he submitted applications for variable annuities without the customers’ knowledge or consent.
Piero DiLorenzo was a financial advisor and registered representative of NYLife Securities from April 2014 to July 2019. He worked in a branch office in Melville, New York. DiLorenzo was also terminated by NY Life Securities for this conduct.
Brokerage firms like NYLife Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against NY Life Securities.