MARLYN LEROY MCCLAIN is currently employed as a Broker and/or Investment Adviser at NYLIFE SECURITIES LLC located at 114 SOUTH 6TH STREET, SUITE 100, COUNCIL BLUFFS, IA, 51501.
MARLYN LEROY MCCLAIN has worked at NYLIFE SECURITIES LLC since October 29, 1982
MARLYN LEROY MCCLAIN has 3 Disclosure Event(s).
Date: April 02, 2018 Category: Customer Dispute Allegations: Customer alleges that the sale of a Survivorship VUL in January 2013 was inappropriate given his age and net worth. Settlement Amount: $70,000.00
Date: September 29, 2011 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT RETIREMENT PRODUCTS PURCHASED IN MAY 2007 INCLUDING A VARIABLE UNIVERSAL LIFE INSURANCE POLICY WERE MISREPRESENTED BASED ON THE CUSTOMER'S INVESTMENT OBJECTIVES AND FINANCIAL SITUATION. Damage Amount Requested: $83,242.05 Settlement Amount: $71,207.18 Broker Comment: ALTHOUGH THE CUSTOMER'S COMPLAINT WAS SETTLED IN THE INTEREST OF CUSTOMER RELATIONS, THE ALLEGATIONS WERE DETERMINED TO BE NOT SUBSTANTIATED WITH REGARD TO THE RR.
Date: June 29, 1995 Category: Customer Dispute Allegations: PLAINTIFFS ALLEGE THAT I FAILED TO DISCLOSEALL MATERIAL FACTS IN RECOMMENDING FINANCIAL/INSURANCEPRODUCTS. IN ADDITION, THEY CLAIM THAT "I ADVISED THEM TOPURCHASE AN EXCESSIVE AMOUNT OF LIFE INSURANCE FOR A RETIREMENTPLANNING PORTFOLIO." NO SECURITIES PRODUCTS INVOLVED.PLAINTIFFS SEEK UNSPECIFIED DAMAGES, INTEREST AND COSTS. Settlement Amount: $120,000.00 Broker Comment: THE MATTER WAS SETTLED FOR $120,000 AND THELAWSUIT DISMISSED. THE DEFENDENTS DENIED ANY WRONGDOING AS PARTOF THE SETTLEMENT.NOT PROVIDED
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for MARLYN LEROY MCCLAIN, click here.
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.
How to choose a broker or investment adviser. Learn More