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Leizl Lacida Subject of an Investor Dispute

Leizl Lacida (CRD #: 6393273), a broker registered with NYLife Securities, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on June 21, 2024. Details concerning this dispute are provided below. 

Investor Dispute

On April 11, 2024, an investor alleged that Leizl Lacida recommended that they surrender a variable annuity in order to fund a fixed annuity. The firm alleges the fixed annuity policies were not properly authorized by the client. The dispute was settled for $54,087.06. 

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 

Leizl Lacida 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 

Kurta Law Can Help 

If you have worked with Leizl Lacida and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.