Brandon Kohnen is the Subject of a VUL Dispute

Brandon Kohnen (CRD #: 5857321), a broker registered with NYLife Securities, is the subject of an investor dispute. This disclosure appears in his BrokerCheck record, accessed on September 15, 2023. Keep reading if you have questions regarding his alleged conduct. 

On August 3, 2023, an investor alleged that Brandon Kohnen misinformed her when she was recommended insurance policies in May of 2022. These insurance policies included a Variable Universal Life insurance policy (VUL).

What is a VUL? 

A Variable Universal Life insurance policy (VUL) has two notable features: a tax-free death benefit for beneficiaries and an investment portfolio. Part of each premium payment is invested—but returns depend on the performance of these investments, so the policy is not guaranteed to increase in value. Additionally, VULs are often at risk for lapsing, which negates their tax benefits.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Misinforming a client violates this rule. 

Background Information 

Brandon Kohnen has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 7TO General Securities Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 
• Series 24 General Securities Principal Examination 

He is a registered broker in six states: Florida, Illinois, Indiana, Michigan, Missouri, and Ohio. 

Brandon Kohnen has exclusively registered with NYLife Securities (CRD #: 5167) in his 12 years of experience. 

Kurta Law Can Help

If you worked with Brandon Kohnen and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.