Angel Lynn Simpson (CRD #6488474) Has Regulatory, Customer Dispute, and Judgment/Lien Disclosures on FINRA BrokerCheck

Angel Lynn Simpson (CRD #6488474) is a broker with disclosure events on FINRA BrokerCheck. We reviewed Angel Simpson’s BrokerCheck report on February 15, 2026. It reflects one regulatory event, one customer dispute, and one judgment/lien. If you invested with Angel Simpson and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Actions

Angel Simpson’s FINRA BrokerCheck report reflects one regulatory event. A summary is below:

On December 15, 2020, FINRA reported a final regulatory action involving Angel Simpson. The matter was resolved by an Acceptance, Waiver & Consent (AWC). FINRA’s findings state that she impersonated member firm customers during calls to the firm’s call center. The calls were made after she resigned from the firm. The report states she requested account statements and transaction forms for customers. After receiving the documents, she helped customers review accounts and complete transactions that were authorized by the customers. FINRA also found that the impersonations led the firm to disclose nonpublic personal information to her. The report states this caused the firm to unknowingly violate Regulation S-P. FINRA ordered a 45-calendar-day suspension from January 4, 2021 through February 17, 2021. FINRA also ordered a $5,000 fine.

Investor Disputes / Customer Complaints

Angel Simpson’s FINRA BrokerCheck report reflects one customer dispute disclosure. A summary of the dispute is below:

On December 9, 2025, a customer alleged that she felt pressured into purchasing a variable annuity that was issued in January 2025. FINRA BrokerCheck lists the product type as an annuity-variable. The report states the customer did not make a specific claim for damages. It also states the firm made a good-faith determination that damages may exceed $5,000. The dispute is listed as denied on December 26, 2025.

Judgment / Lien

Angel Simpson’s FINRA BrokerCheck report reflects one judgment/lien disclosure. A summary is below:

FINRA BrokerCheck reports a civil judgment/lien filed on November 12, 2018. The judgment holder is listed as Continental Collection Agency. The amount is $14,658.74. The report lists the court as Araphoe County Court in Littleton, Colorado. The judgment/lien is listed as outstanding.

Rule Summary #1: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires brokers to observe high standards of commercial honor. Regulatory findings involving deception or misuse of customer information often implicate this rule. It is a broad ethical standard that applies across many types of misconduct. FINRA Rule 2010

Rule Summary #2: FINRA Rule 2330 (Deferred Variable Annuities)

FINRA Rule 2330 sets sales-practice standards for deferred variable annuities. It focuses on suitability, disclosure, and supervision for purchases and exchanges. Variable annuity complaints often raise questions about how costs, surrender periods, and risks were explained. FINRA Rule 2330

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on Her FINRA BrokerCheck report, Angel Lynn Simpson:

Is currently registered with NYLIFE Securities LLC.

Has passed the Securities Industry Essentials (SIE) exam. Angel Lynn Simpson has also passed Series 7 and Series 66.

Was previously registered with firms that include Newbridge Securities Corporation, GWN Securities Inc., and AXA Advisors, LLC.

Kurta Law Can Help

If you have worked with Angel Lynn Simpson and you have concerns about her activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Variable Annuities | Unsuitable Investments

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.