Chris Benson Allegedly Failed to Inform Investor of Surrender Charges

Chris Benson (CRD #: 6786043), a broker previously registered with NYLIFE Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on July 30, 2025. Details concerning his alleged conduct are provided below. 

Investor Allegations 

On April 30, 2025, an investor alleged that Chris Benson failed to inform him of the surrender charges associated with two variable annuities purchased in July 2021. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without allowing an outside review. Investors can still recover damages following a denial by seeking out FINRA arbitration.

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Variable Annuities

Variable annuities are complex investments whose value depends on the performance of their underlying securities. Surrender charges, tax penalties, and other fees can make these policies unsuitable for certain investors.

Background Information 

Chris Benson has passed the following exams: 

• Securities Industry Essentials Examination – SIE
• Investment Company Products/Variable Contracts Representative Examination – Series 6
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

In the past, he worked for NYLIFE Securities (CRD#:5167).

Kurta Law Can Help 

If you have worked with Chris Benson and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.