RICHARD JONES of NYLife Securities BARRED by Iowa
Have you lost money with financial advisor Richard Jones of NYLife Securities in Pilot Mound, Iowa?
We are investigating allegations made by Iowa Insurance Division against Richard Michael Jones of NYLife Securities. Iowa alleged that Jones was the subject of a 2016 customer complaint alleging misrepresentations and omissions regarding a variable annuity in Pilot Mound, IA. Jones was later barred from the securities industry by FINRA, which then triggered an investigation by Iowa.
Richard Jones was a financial advisor and registered representative of NYLife Securities from September 2013 to August 2016. He worked at a branch office in Pilot Mound, Iowa. Jones has also been the subject of one customer complaint.
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; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Iowa. Attorney David Neuman represented numerous investors against DeWaay Capital Management, based out of Clive, Iowa. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including NY Life Securities.
Click to view: Jones, Richard BrokerCheck 5.10.19
Click to view: Jones, Richard Iowa Order
If you lost money with Richard Jones or NY Life Securities, CONTACT ISRAELS & NEUMAN at 720-599-3505 for a free evaluation of your case.