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Steven Kaneski Formerly With NYLIFE Securities Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Steven Kaneski formerly with NYLIFE Securities?

Steven Kaneski (CRD #2028197) who was formerly registered with NYLIFE Securities and located in Roseville, California is a subject of one of our many securities industry sales practice abuse investigations.

Steven Kaneski Customer Complaints

Steven Kaneski has been the subject of3 customer complaints that we know about. Two of Steven Kaneski’s 3 customer complaints were settled in favor of investors. There is currently one pending customer complaint filed against NYLIFE Securities for investment losses caused by Steven Kaneski’s alleged misconduct.

Allegations Against Steven Kaneski

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • In a telephone conversation the customer allegedly told Steven Kaneski that he was unhappy with the performance and liquidity of the variable annuity he purchased and wanted to surrender the policy without any surrender charges.
  • Plaintiffs alleged in addition to several fixed insurance products, they purchased four Variable Annuities from from Steven Kaneski that were not appropriate for their financial situation. Plaintiffs also alleged the material features, costs and surrender charges of the products were not fully explained and they claimed they did not sign some disclosure documents.
  • Regarding the purchase of two variable annuities, the customer alleged that the policies were not suitable for his needs. The customer further alleged that the fees and surrender charges associated with the policies were not disclosed to him by Steven Kaneski.

Steven Kaneski Red Flags & Your Rights As An Investor

Of course, Steven Kaneski 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 Steven Kaneski at NYLIFE Securities on alert to review carefully the activity and performance of their accounts and question whether Steven Kaneski 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 firms’ 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 Steven Kaneski

If you have questions about NYLIFE Securities and/or Steven Kaneski 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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