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
Disclosure History
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
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