Category Archives: NYLife Securities

Kestra Investment Services (formerly NFP), NYLife Securities, Stockbroker Malpractice, StockBroker Misconduct, Unsuitable Investments

Gabe Hynes -Former Kestra Investment Broker- Discloses Two Regulatory Events, Two Customer Disputes and Two Terminations-St. Augustine, FL

May 2020- St. Augustine, FL

The FINRA records of Gabriel (Gabe) William Hynes, a broker previously employed  by Kestra Investment Services , disclose two regulatory events, one resulting in his bar from the securities industry , two customer disputes and two terminations from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In January 2020, Hynes was permanently barred from the securities industry by the Securities and Exchange Commission after allegations that he refused to appear for on-the-record testimony as requested by FINRA in connection with an investigations of his sale of Future Income Payments, LLC’s  (FIP) structured cash flow investments.

In August 2017, in FINRA  case 2016051410501 Hynes consented to sanctions and to the entry of findings that he purchased securities issued by privately held companies costing a total of $90,000.   These transactions were outside the course and scope of his employment with his member firm.   Hynes was suspended from FINRA for three months and was fined $10,000.

In July of 2018 FINRA case 18-02386 was filed by a customer of Hynes previous employer,  NYLife Securities  alleging that he misrepresented Future Income Payments (FIP) as a safe investment which would provide monthly payouts of 8% on a “guaranteed basis”.   The case was settled for $1,425,000.

In February 2001 an A.G. Edwards  customer was paid $9,000 to resolve allegations that Hynes authorized sales in order to place him in funds that were risky.

In May 2017, Eagle Strategies and NYLife Securities permitted Hynes to resign after the company became aware he violated company policy by failing to disclose (a) multiple outside business activities and private securities transactions, (b) brokerage account with an outside broker dealer, (c) a federal tax lien.     He had been employed with them since January 2001.

Hynes was employed with Kestra Investment Services from February 2018 until April 2018.

If you have questions about an account  handled by Gabriel (Gabe) Hynes ,call for a no charge consultation .

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Finra Investigation of Stockbroker, NYLife Securities, Stockbroker Malpractice, StockBroker Misconduct

Stephen Encino-Former NYLife Securities Broker Barred from Securities Industry-San Antonio, TX

April 2020-San Antonio, TX

The FINRA records of Stephen A. Encino, a broker previously employed  by  NYLife Securities, disclose  a regulatory event resulting in his bar from the securities industry.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In September 2019, Encino was permanently barred from the securities industry by the Securities and Exchange Commission after failing to respond to FINRA request for information in connection with a regulatory investigation.

Encino was employed with NYLife Securities  from December 2014 until February 2019.

If you have problems in an account  handled by Stephen Encino call for a no charge consultation .

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

M Holdings Securities, NYLife Securities, Stockbroker Malpractice, StockBroker Misconduct, Theft, Unauthorized Trading

Dean H. Grant-Former M Holdings Securities Broker-Discloses Pending Criminal Charges -Milledgeville, GA

February 2020- Milledgeville, GA

The FINRA records of Dean Harrison Grant  , a former stock broker who last worked for M Holdings Securities, Inc. , disclose  a regulatory event resulting in a bar from the securities industry, a pending felony criminal charge and three liens.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 5/ 2019,  Grant was permanently barred from the securities industry by FINRA  for refusing to provide information and documentation requested by FINRA after allegations that he converted funds from customers, forged documents and failed to disclose certain liens on his Uniform Application for Securities Industry Registration.

In February 2019 , warrants were issued in in Georgia  for the arrest of Dean Harrison Grant as a result of the allegations that he,  committed: Felony Insurance Fraud, Theft by Taking (Fiduciary): Forgery in the first Degree and Trafficking of an Elder Person.   The case is currently pending.

In October 2018  and December 2018, the State of Georgia filed tax liens totaling over $27,000 in Baldwin County Superior Court, Milledgeville, GA against Grant.

In October of 2017 the Internal Revenue Service filed a tax lien in the amount of $122,540 against Grant.

Grant worked for M Holdings Securities, Inc. from September 2014 until January 2019.   He was with Grand Financial Group (his own business) , and NYLife Securities, Inc. before that time. 

If you have questions about an account  handled by Dean H. Grant  call for a no charge consultation .

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Broker Disclosing Outstanding Liens/Judgments, Capital Investment Group, IFS Securities, NYLife Securities, StockBroker Misconduct, Voya (formerly ING)

Pamela Jo Lizanich (Kramer)-Former VOYA Financial Advisor-Discloses Customer Disputes Over LP’s & Direct Investments-Greenville, S. Carolina

October 2020-Greenville, S. Carolina

According to publicly available records Pamela Jo Lizanich (Pamela Jo Kramer)  ,  a  stockbroker who is currently registered with NY Life Securities,  disclose 4 currently pending customer disputes and one prior customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

The pending customer claims involving Mr. Woodard include:

  • FINRA case 20-2111- a customer of VOYA seeks damages of $5 million and alleges that they were sold unsuitable securities, including real estate securities and Unit Investment Trusts.
  • In 11/2019 a customer of her prior employers VOYA Financial and Capital Investment Group filed FINRA case 19-03304 alleting that Lizanich made unsuitable recommendations in alternative investments, including REITs and Oil and Gas partnerships. The customer seeks damages of between $100,000-$500,000.

In 10/2019 a customer of VOYA Financial and Capital Investment Group filed FINRA case 19-02999 alleging that Lizanich caused damages in excess of $100,000 as a result of recommending unsuitable investments in real estate securities. That case was recently settled for $300,000.

Pamela Jo Lizanich (Kramer) has been registered with NY Life Securities since 7/2018. Prior to that she was registered with IFS Securities (3/2017-3/2018) and VOYA Financial Services (6/2013-2/2017).Prior to that she worked for Capital Investment Group.

James T Flynn & Ashley Woodard

Lizanich worked with former VOYA Financial brokers James T. Flynn and Ashley Woodard in the Greenville metropolitan area. Our firm is currently pursuing a number of cases on behalf of former customers of Flynn and Woodward who suffered losses on limited partnerships and other direct investments. See this for more information. 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Broker Disclosing Outstanding Liens/Judgments, Capital Investment Group, IFS Securities, NYLife Securities, Stockbroker Malpractice, Unsuitable Investments, Voya (formerly ING)

Ashley Woodard-Former VOYA Financial Broker-Subject of Customer Suits Over Illiquid Investments-Greenville, South Carolina

October 2020 – Greenville, South Carolina

According to publicly available records  Ashley Charles Woodard  ,  a  stockbroker previously employed by VOYA Financial,  discloses 4 pending customer disputes, six prior customer dispute and an outstanding judgment lien.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

The pending customer claims involving Mr. Woodard include:

  • FINRA case 20-2111- a customer of VOYA seeks damages of $5 million and alleges that they were sold unsuitable securities, including real estate securities and Unit Investment Trusts.
  • FINRA case 20-2101 in which a customer of VOYA seeks $50,000 and alleges they were placed in speculative private placements.
  • FINRA  case 20-2110 in which a VOYA client seeks $5 million and alleges they were recommended unsuitable and illiquid alternative investments.

Prior cases involving Woodard which have been resolved include:

  • FINRA case 19-3304-filed in 11/2019 by a customer of VOYA Financial and Capital Investment Group alleging unsuitable recommendations in illiquid alternative investments. The customer was paid $300,000 to resolve the case.
  • FINRA case 19-931, the customer was paid $750,000 to resolve allegations that Woodard made unsuitable recommendations.
  • FINRA Case 19-01031-  Customer of VOYA and IFS Securities was paid  $107,500 for losses related to unsuitable recommendation to invest in illiquid real estate security.

Woodard also discloses a currently outstanding lien in favor of the Internal Revenue Service in the amount of $53,676, for tax years 2014, 2015, and 2016. The lien is recorded in the Recorder Office of Greenville County, South Carolina.

Woodard is currently employed by NY Life Securities. His prior employment history includes: IFS Securities 2/2017-11/2017, Voya Financial Advisors 6/2013-2/2017 and Capital Investment Group 7/2011-6/2013.

Woodard discloses business affiliations with West End Financial Strategies and Eagle Strategies.

If you have losses in an account handled by Ashley C. Woodard, contact us for a no charge consultation to learn how you may be entitled to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870