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Derek Chu Formerly With NYLIFE Securities Has A Customer Complaint For Alleged Broker Misconduct

Who is Derek Chu formerly with NYLIFE Securities?

Derek Chu (CRD #4683951) who was formerly registered with NYLIFE Securities and located in Pleasant Hill, California is a subject of one of our many securities industry sales practice abuse investigations.

Derek Chu was also the subject of a FINRA investigation and he refused to provide documents and information requested by FINRA.  He was being investigated for outside business activities and the sale of promissory notes.  Without admitting or denying the allegations he consented to the sanction of a permanent bar from any further association with any member firm in any capacity.

Derek Chu Customer Complaint

Derek Chu has been the subject of at least one customer complaint that we know about. The allegations made in the FINRA reported customer complaint for investment losses were that the customer was misled into purchasing promissory notes. Plaintiffs were seeking the return of principal, interest, punitive damages and attorneys’ fees. The customer complaint filed against Derek Chu’s former employer NYLIFE Securities for investment losses caused by the alleged misconduct is pending as of the date of this report.

Derek Chu Red Flags & Your Rights As An Investor

Of course, Derek Chu 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 Derek Chu at NYLIFE Securities on alert to review carefully the activity and performance of their accounts and question whether Derek Chu 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 Derek Chu

If you have questions about NYLIFE Securities and/or Derek Chu 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.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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