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Zayed Regalado Terminated by NYLife Securities

Zayed Regalado (CRD #: 6915438) has been fired by NYLife Securities. This termination appears on his BrokerCheck record, accessed on December 15, 2023. Concerned investors should keep reading. 

On October 26, 2023, NYLife Securities fired Zayed Regalado following allegations that he participated in a denied outside business activity as a childcare business advisor. 

The firm also alleged: 

  • He conducted financial literacy workshops without prior approval 
  • He used an unapproved social media platform for business 
  • He held himself out as a financial advisor and ChFC without the approved designations 

Outside Businesses

FINRA Rule 3270 requires brokers to disclose any outside businesses to their firm, including any compensation they expect to receive. Brokers must also have their outside businesses approved by the firm. Engaging in outside business is also referred to as “selling away.” 

Zayed Regalado has the following outside businesses on his detailed BrokerCheck record

  • Insurance Broker 
  • Greater Norwalk Hispanic Chamber of Commerce 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unapproved outside businesses and working without appropriate designations also violate FINRA Rule 2010. 

Background Information 

Zayed Regalado has passed the following exams:

  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 6TO Investment Company Products / Variable Contracts Representative Examination 
  • SIE – Securities Industry Essentials Examination 

Kurta Law Can Help 

If you have worked with Zayed Regalado and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.