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Investor Alleges Prasanna Bhatia Misrepresented Variable Annuities

Prasanna Bhatia (CRD #: 5285877), a broker registered with NYLIFE Securities, allegedly misled an investor, according to her BrokerCheck record, accessed on June 11, 2022. If you want to learn more about Prasanna Bhatia’s conduct as a broker, keep reading.

Alleged Misrepresentation

In a dispute filed on April 27, 2022, an investor alleges that Prasanna Bhatia misled her in January and February 2016 as to the surrender charges related to two variable annuities. The client also alleges that she incurred a tax liability following a recommendation to make changes to her mutual funds.

This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deceptive, manipulative, and otherwise fraudulent tactics to influence investors’ decisions.

Background Information

Prasanna Bhatia has passed the following exams:

  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Prasanna Bhatia is a registered broker only in New Jersey.

Kurta Law Can Help

If you worked with Prasanna Bhatia and you have concerns about your investments, please contact us today at 877-600-0098 or 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.