Norman Janis is the Subject of a Variable Annuity Dispute

Norman Janis (CRD #: 5137100), a broker registered with NYLife Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 25, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On August 29, 2024, an investor alleged that Norman Janis misled her when she purchased variable annuities. 

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.

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.

High Standards of Commercial Honor

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 also violate this rule. 

Tax Lien 

On September 15, 2023, Norman Janis faced a tax lien for $22,974.11. 

Background Information

Norman Janis has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination 
• Series 3 National Commodity Futures Examination 
• Series 7 General Securities Representative Examination 

He is a registered investment adviser and broker in Illinois. He is also a registered broker in California and Texas. 

During his 18 years of experience, Norman Janis has registered with three firms:

• NYLife Securities (CRD #: 5167) 
• Eagle Strategies (CRD #: 110826) 
• AXA Advisors (CRD #: 6627) 

Kurta Law Can Help 

If you worked with Norman Janis and 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.