Eric Anderson is the Subject of an Investor Dispute

Eric Anderson (CRD #: 2918978), a broker registered with NYLife Securities, is the subject of an investor dispute. This disclosure appears in his BrokerCheck record, accessed on August 21, 2023. Details concerning the dispute are provided below. 

On June 15, 2023, an investor alleged that in 2022 and January 2023, Eric Anderson failed to follow her instructions. She further alleges that Eric Anderson failed to diversify her portfolio. 

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals.

Some common violations of this rule include:

• Recommendations of unsuitable investment strategies. For instance, overconcentration, or failure to diversify, is typically unsuitable due to the degree of risk.
• Recommendations of high-risk or illiquid investments. These investments may lead to losses or high fees for the investor.
• Excessive trading, which violates the need for quantitative suitability. This means that overall trading activity must also suit an investor’s goals.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failure to follow instructions may violate this rule. 

Background Information 

Eric Anderson 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 

He is a registered broker in eight states and is a registered investment adviser in Oregon. 

Eric Anderson has registered with the following firms: 

• NYLife Securities (CRD #: 5167) 
• Eagle Strategies (CRD #: 110826) 

Kurta Law Can Help

If you worked with Eric Anderson 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.