Category Archives: NYLife Securities

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

January 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 2 currently pending customer disputes.

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 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 file 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.

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

January 2020 – Greenville, South Carolina

According to publicly available records  Ashley Charles Woodard  ,  a  stockbroker previously employed by VOYA Financial,  discloses 7 pending customer disputes, one 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 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 seeks damages of $100,000.
  • FINRA case 19-0624-In 3/2019 a customer of his prior employers, Voya Financial Advisors  and IFS Securities, alleged that Woodard advised him to liquidate his entire portfolio and invest in unsuitable, high risk, high fee and illiquid investments. The investments include annuities, direct investments, limited partnerships and real estate securities. This matter is currently pending. No amount of damages is specified.
  • FINRA Case 19-01031-  Customer of VOYA and IFS Securities seeks damages of $100,000 for losses related to unsuitable recommendation to invest in illiquid real estate security.
  • FINRA Case 19-0930-Customer of VOYA, IFS and Capital Investment Group seeks damages of $1 million for unsuitable recommendations to invest in private placements.
  • FINRA Case 19-01067-Customer of VOYA, IFS and Capital Investment Group seeks damages of between $1 million & $5 million for unsuitable recommendation to invest in illiquid limited partnerships and real estate securities.

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

Concentrated Positions, Energy Securities, Failure to Supervise, FINRA, Finra Investigation of Stockbroker, Misrepresentation, Mutual Funds, NYLife Securities, Oil related investments, Stockbroker Malpractice, Unsuitable Investments

David Colflesh-Former NYLife Securities Broker-Subject of Multiple Customer Suits Over Mutual Funds-Tarkio, MO

October 2018- Tarkio, Missouri

The FINRA records of  David R. Colflesh ,  a  former stock broker who is not currently registered and who was last employed by NYLife Securities ,  disclose  a regulatory suspension and 18 prior customer disputes.

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 October 2018 FINRA suspended Colflesh for 18 months and fined him over $34,000 to resolve allegations that he recommended non diversified mutual funds (in energy, oil and gas)  to customers without having a reasonable basis for believing they were suitable, as he had not adequately educated himself about the funds. FINRA found that Colflesh knew his recommendations exceeded his firm’s limits on concentrations of risky stocks.

In 17 prior customer disputes NYLife paid cash settlements totaling about $750,000 to former customers of Colflesh who suffered losses on unsuitable mutual funds.

David Colflesh was employed by NYLife Securities from 9/1983-11/2016 and operates Colflesh Financial Services Inc. in Maryville, MO.

If you have losses in an account handled by David Colflesh  , call for a no charge consultation to learn about your options for recovery of damages from NYLife Securities.

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

Failure to Supervise, Misrepresentation, NYLife Securities, Stockbroker Malpractice, Unsuitable Investments

Alan New-Former NY Life Broker-Subject of Multiple Suits Over Woodbridge Investments-Fort Wayne, IN

Updated January 2019- Fort Wayne, Indiana

The FINRA records of  Alan Harold New ,  a  former stock broker who is not currently registered and who was last employed by NYLife Securities ,  disclose a pending civil matter brought by the SEC and  13 pending customer disputes involving the allegedly fraudulent Woodbridge Mortgage Investment Funds and Future Income Payments (FIP).

Total damages sought by these customers exceed $3 million.

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.

Allegations by the customers include false representations by New  that the investments were safe, secure and low risk.

In 12/2018 the U.S. Securities and Exchange Commission (SEC) filed a civil suit alleging that New served as an unregistered brokers on behalf of the Woodbridge Group of Companies. According to the SEC investors were told that the Woodbridge securities were safe and secure. The SEC seeks penalties, fines, disgorgement and an injunction.

Woodbridge-A $1.2 billion Ponzi According to SEC

The U.S. Securities and Exchange Commission announced charges and an asset freeze against a group of unregistered funds and their owner who allegedly bilked thousands of retail investors, many of them seniors, in a $1.2 billion Ponzi scheme.

According to the SEC’s complaint, unsealed in federal court in Miami, Florida, Robert H. Shapiro and a group of unregistered investment companies called the Woodbridge Group of Companies LLC, formerly headquartered in Boca Raton, Florida, defrauded more than 8,400 investors in unregistered Woodbridge funds.

“We allege that through aggressive tactics, Woodbridge and Shapiro swindled seniors into a business model built on lies, which the SEC’s Miami Regional Office staff moved to halt,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division.

“Our complaint alleges that Woodbridge’s business model was a sham,” said Steven Peikin, Co-Director of the SEC’s Enforcement Division. “The only way Woodbridge was able to pay investors their dividends and interest payments was through the constant infusion of new investor money.”

“Our complaint further alleges that Shapiro used a web of layered companies to conceal his ownership interest in the purported third-party borrowers,” said Eric I. Bustillo, Director of the SEC’s Miami Regional Office.  “Shapiro used the scheme to line his pockets with millions of investor dollars.”

New was employed by NYLife Securities  from 6/2004-8/2016 and discloses an affiliation with Synergy Financial Group and Synergy Investment Services, both of which are located in Fort Wayne.

If you have losses in an account handled by Alan New , call for a no charge consultation to learn about your options for recovery of damages from NYLife Securities.

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