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Myong Park is the Subject of a Variable Annuity Dispute

Myong Park (CRD #: 1457956), a broker registered with NYLife Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on August 30, 2024. Keep reading if you have questions concerning his alleged conduct. 

Investor Allegations 

On June 12, 2024, an investor alleged that Myong Park did not adequately describe a variable annuity and that he did not take into consideration the customer’s need to access the funds. 

Variable Annuities 

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying securities. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

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.

Background Information 

Myong Park 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 

He is a registered broker in California, Georgia, and Hawaii.

Kurta Law Can Help 

If you worked with Myong Park 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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