| Read Time: 2 minutes |


William H. Humbarger Formerly with NY Life Securities, LLC Has 5 Customer Complaints for Alleged Broker Misconduct In the Past Year

Who is William H. Humbarger Formerly with NY Life Securities, LLC?

William Humbarger (CRD #1144599) who was formerly registered with NY Life Securities, LLC and located in Indianola, Mississippi is a subject of one of our many securities industry sales practice abuse investigations.

NY Life Securities, LLC Broker Misconduct

In his career, William Humbarger has been the subject of 12 customer complaints that we know about, 5 of those complaints were filed in the last year to recover investment losses. Four of William Humbarger’s 12 customer complaints were settled in favor of investors. There are currently 6 pending customer complaints filed against William Humbarger’s former employer NY Life Securities, LLC for investment losses caused by his alleged misconduct.

Allegations Against William H. Humbarger

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

  • Customer alleged that variable annuities purchased were detrimental to his goal of Legacy planning.
  • Claimant claimed that a variable universal life insurance policy was misrepresented and unsuitable for him.
  • Claimant alleged the agent misrepresented the benefits and advantages of the policies and failed to mention all of the risks involved.
  • Customer allege their misled when they exchange their Whole Life Policy for a Variable Universal Life Policy and that the policy was not suitable for them.

William H. Humbarger Red Flags & Your Rights As An Investor

Of course, William Humbarger 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 William Humbarger at NY Life Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether William Humbarger has engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints at NY Life Securities, LLC also raises questions about 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 NY Life Securities, LLC

If you have questions about NY Life Securities, LLC and/or William Humbarger 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.

Author Photo

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.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars