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Nicole Pizzi Allegedly Misled Investor

Nicole Pizzi (CRD #: 5770980), a broker registered with NYLIFE Securities, is involved in a pending dispute, according to her BrokerCheck record, accessed on February 22, 2023. If you have questions about her alleged conduct as a broker, keep reading.

Investor Dispute

On January 3, 2023, an investor filed a dispute alleging that Nicole Pizzi recommended he purchase “long-term care coverage” and take out a $70,000 loan to do so in approximately April 2019. The client alleges that he later learned these funds were used to purchase a New York Life insurance policy.

The investor also alleged conversion of property and money and made other, undisclosed allegations. The investor is seeking to recover $50,000 in misappropriated funds This dispute is currently pending.

FINRA Rule 2020

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.

FINRA Rule 2150

FINRA Rule 2150 prohibits the improper use of investors’ funds.

FINRA Rule 2010

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

Background Information

Nicole Pizzi 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

Nicole Pizzi is a registered broker in 19 states and the District of Columbia.

Kurta Law Can Help

If you worked with Nicole Pizzi 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 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. 

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