DID DAVID W. MUMA CAUSE YOU INVESTMENT LOSSES?
David Muma Formerly With NYLIFE Securities Has A Customer Complaint For Alleged Broker Misconduct
Who is David Muma formerly with NYLIFE Securities?
David Muma (CRD #6042667) who was formerly registered with NYLIFE Securities and located in Edina, Minnesota is a subject of one of our many securities industry sales practice abuse investigations.
David Muma Customer Complaint
David Muma has been the subject of at least one customer complaint that we know about, which was filed in the last year to recover investment losses. The allegations made in the FINRA reported customer complaint for investment losses were the recommendation to purchase a Variable Annuity was not in his best interest as this purchase was funded by a fixed life insurance policy loan, however the costs associated with the policy loan have outweighed any gains in the Variable Annuity policy. David Muma’s customer complaint was settled in favor of the investors.
David Muma Red Flags & Your Rights As An Investor
Of course, David Muma did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of David Muma at NYLIFE Securities on alert to review carefully the activity and performance of their accounts and question whether David Muma has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at NYLIFE Securities also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At NYLIFE Securities Due To David Muma
If you have questions about NYLIFE Securities and/or David Muma and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.