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Terence Brown Resigns from NYLIFE Securities Following Alleged Violations

Terence Brown (CRD #: 5733396) resigned from his firm, according to his BrokerCheck record, accessed on August 13, 2022. If you want to know more about Terence Brown’s conduct as a broker, read on.

Resignation from NYLIFE Securities

On June 17, 2022, Terence Brown was permitted to resign from NYLIFE Securities after the firm allegedly determined that he used his personal email address and cell phone for business, in violation of firm communication policies.

FINRA Rule 3110 

FINRA’s supervision rule requires brokers to only use approved modes of communication. This is because firms are required to review their broker’s communications with their clients to ensure they adhere to securities laws and FINRA rules, including the suitability rule. FINRA requires brokers to exclusively recommend securities products that fit their investor’s financial goals and risk tolerance.  

Background Information

Terence Brown 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 previously worked for NYLIFE Securities (CRD#:5167).

Kurta Law Can Help

If you worked with Terence Brown 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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