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Mitesh Patel Involved in Investor Dispute

Mitesh Patel (CRD #: 7173841), a broker registered with NYLIFE Securities, was the subject of an investor dispute, according to his BrokerCheck record, accessed on May 24, 2025. If you have questions about his alleged conduct as a broker, read on.

Investor Disputes

On February 24, 2025, multiple investors filed a dispute naming Mitesh Patel in allegations that they originally believed that Variable Universal Life insurance (VUL) policies purchased in November 2021 were actually Whole Life Insurance policies. This dispute was denied by the firm.

However, investors should know that firms can deny disputes without an external review. You may be able to recover damages following a denial by pursuing FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

What are VULs?

Unlike other forms of life insurance, Variable Universal Life insurance policies (VULs) invest a portion of investors’ premiums. These investments determine whether the policy’s value increases or decreases, so investors’ returns are not guaranteed.

Background Information

Mitesh Patel has passed the following exams:

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

Mitesh Patel is a registered broker in California, New Jersey, North Carolina, and Ohio.

Kurta Law Can Help

If you worked with Mitesh Patel and you 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 on behalf of 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. 

 

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