Miles Allen Permitted to Resign After Allegedly Violating Company Policy
Miles Allen (CRD #7313333), a formerly registered broker, was recently permitted to resign from his position at NYLife Securities, according to his BrokerCheck record, accessed on March 12, 2022.
On November 10, 2021, Miles Allen was permitted to resign from his position at NYLife Securities after allegedly electronically signing and submitting three traditional life insurance applications for three clients without their authorization.
FINRA 4511 And 2010
FINRA requires firms to maintain accurate records. FINRA Rule 4511 states that firms “shall make and preserve books and records as required under the FINRA Rules, the Exchange Act and the applicable Exchange Act rules.”
Since the applications signed by Miles Allen were firm records, he violated FINRA Rules 4511 and 2010 by causing NYLIFE Securities to maintain inaccurate books and records.
Miles Allen has passed the following exams:
- 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
Besides NYLIFE Securities, he has not worked with any other firm.
Kurta Law Can Help
If you have been victimized after working with Miles Allen, don’t hesitate to contact us today at 877-600-0098 or firstname.lastname@example.org 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 and 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.