John Keene Subject of a Variable Annuity Dispute

John Keene (CRD #: 6943145), a broker registered with NYLife Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on November 21, 2023. Keep reading if you have questions regarding his alleged conduct as a broker. 

On October 3, 2023, an investor alleged that a variable annuity policy she purchased in September 2021 contained fees that she did not understand at the time of sale. 

Variable Annuities

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying securities. Surrender charges, tax penalties, and other fees can make these policies unsuitable. They are also difficult for both brokers and investors to understand, which can result in fees that the investor did not anticipate. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failing to thoroughly explain fees may violate this rule. 

Background Information 

John Keene has passed the following exams: 

• Series 66 Uniform Combined State Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 7TO General Securities Representative Examination 
• Series 6TO Investment Company Products/Variable Contracts Representative Examination 
• SIE – Securities Industry Essentials Examination 

He is a registered broker and investment adviser in Hawaii. He is a registered broker in another 12 states. 

John Keene has registered with two firms: NYLife Securities (CRD #: 5167) and Eagle Strategies (CRD #: 110826). 

Kurta Law Can Help

If you worked with John Keene and 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 for 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.