Narith Long Involved in Two Selling Away Disputes
Narith Long (CRD #: 6598152), a former broker with NYLife Securities, is involved in an investor dispute, according to his BrokerCheck record, accessed on September 14, 2021. All of his recent disputes involve “selling away,” which is a type of financial misconduct that involves selling securities outside of the broker’s registered firm.
On July 21, 2021, an investor alleged that in early 2020, Narith Long advised her to open a brokerage account with an outside broker-dealer, which Long would manage on behalf of the investor. The investor further alleged that Narith Long had traded aggressively and made risky, speculative trades. The investor is seeking $45,000; the dispute is pending.
There is another pending dispute with similar allegations. On May 14, 2021, investors alleged that Narith Long also advised them to open an outside brokerage account which Long would manage for them and trade on the investor’s account. The investor is seeking $80,000; the dispute is pending.
Settled Investor Disputes
There are four other disputes on Narith Long’s record with similar selling away allegations. These disputes collectively settled for approximately $260,530.
On December 1, 2020, NYLife Securities fired Narith Long following allegations that he engaged in unauthorized activities – specifically his recommendation of outside brokerage accounts.
Narith Long Background Information
Narith Long has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- Securities Industry Essentials Examination
- Series 6 Investment Company Products/ Variable Contracts Representative Examination
Narith Long has worked with the following firms:
- NYLife Securities (CRD #: 5167)
- Northwestern Mutual Investment Services (CRD #: 2881)
Kurta Law Can Help
If you worked with Narith Long and you have concerns about your investments, contact Kurta Law today. Call 877-600-0098 or email email@example.com.