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Kitty Stough Allegedly Misled Investor Concerning a Variable Annuity

Kitty Stough (CRD #: 4693615), a broker registered with NYLife Securities, is the subject of an investor dispute. This disclosure appears on her BrokerCheck record, accessed on September 30, 2024. Keep reading if you have questions regarding her alleged conduct. 

Investor Allegations 

On July 22, 2024, an investor alleged he was misled regarding the cost of a rider when he purchased his variable annuity.

Misrepresentation 

FINRA Rule 2020 prohibits 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.

What is a Variable Annuity? 

Variable annuities are complex investments. They are insurance products that come with an investment component. The associated fees, surrender charges, and potential tax liability can negate any supposed benefits they offer. Furthermore, the risk associated with this type of illiquid investment makes it unsuitable for many investors. 

Background Information 

Kitty Stough has passed the following exams: 

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

She is a registered broker in California, Nevada, and Oregon. 

Kurta Law Can Help 

If you worked with Kitty Stough and you 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.

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