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Diana Chernyhovsky Allegedly Recommended an Unsuitable VUL

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
October 28, 2025 at 2:27am

Diana Chernyhovsky (CRD #: 4726460), a broker registered with Equitable Advisors, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 27, 2025. Keep reading if you have questions regarding his alleged conduct.

Investor Allegations

On August 21, 2025, an investor alleged that Diana Chernyhovsky recommended an unsuitable Variable Universal Life insurance policy.

Variable Universal Life Insurance Policy

Variable Universal Life insurance policies (VULs) have two major features: a tax-free death benefit for beneficiaries and the investment of investors’ premiums. Because the value of a VUL policy depends on the performance of these investments, it’s not guaranteed to increase in value over time. Additionally, you’ll lose a VUL’s tax benefits if it lapses.

Unsuitable Investments 

FINRA Rule 2111 requires brokers to recommend investments that suit their investors’ needs. They must consider several factors, including their investors’ age, risk tolerance, and financial goals.

Background Information

Diana Chernyhovsky has passed the following exams:

  • Series 66 Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination

She is a registered broker in 13 states.

Kurta Law Can Help

If you worked with Diana Chernyhovsky 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. 

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