Investor Alleges William Ferrara Forged Variable Annuity Documentation
William Ferrara (CRD #: 2729111), a broker registered with NYLIFE Securities, is involved in a pending dispute, according to his BrokerCheck record, accessed on July 6, 2022. Keep reading if you have questions about William Ferrara’s conduct as a broker.
In a dispute filed on March 29, 2022, an investor alleges that William Ferrara forged a signature on account documentation related to a variable annuity purchased in February 2015. This dispute is currently pending.
On March 6, 2017, an investor alleged that William Ferrara influenced her purchase of an unsuitable fixed annuity on December 30, 2014. The client alleges that this annuity, funded by rolling over mutual funds held in an IRA account, was unsuitable for her based on her time horizon and liquidity needs. The client sought the repayment of her premiums and received a settlement of $56,930.92.
FINRA Rule 2010 and 2111
FINRA Rule 2010 holds brokers to high standards of ethical conduct and commercial honor. Many forms of misconduct violate this rule.
FINRA Rule 2111 requires brokers to tailor their investment recommendations using the information in investors’ profiles. These profiles describe characteristics such as investors’ age, risk tolerance, and investment goals.
Investors who rely on brokers for recommendations may be able to recover their losses through FINRA arbitration.
On October 21, 2019, William Ferrara became the subject of a $27,763.66 tax lien.
William Ferrara 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 is a registered broker in six states.
Kurta Law Can Help
If you worked with William Ferrara and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.