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Maureen Bobilya Permitted to Resign by NYLife Securities

Maureen Bobilya (CRD #: 6744034) was permitted to resign by NYLife Securities. This disclosure appears on his BrokerCheck record, accessed on June 7, 2024. Keep reading if you have questions concerning his alleged conduct. 

Employment Separation After Allegations 

Maureen Bobilya has been permitted to resign by NYLife Securities. This followed allegations that she violated company policy by borrowing $4,900 from a customer. The firm became aware of the issue based on a complaint submitted to the Indiana Department of Insurance. 

FINRA Rule 3240

Brokers are not always allowed to borrow from clients. FINRA Rule 3240 describes the limited circumstances under which brokers may borrow from or lend to clients, such as loans between immediate family members. Firms must also approve these types of loans. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of company policies may also violate this rule.

Background Information 

Maureen Bobilya 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 Maureen Bobilya and 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.