The Law Firm of David Chase, representing investors throughout the country in cases to recover stock market and investment losses, is reviewing allegations concerning former NYLIFE Securities LLC broker Alan New, after three customers alleged he sold them unregistered and fraudulent investments, per FINRA’s BrokerCheck Report. Alan New is no longer registered as a securities broker with the Financial Industry Regulatory Authority (FINRA), and no longer associated with NYLIFE Securities at this time.
All three customer complaints filed in early 2018 allege the sale of unspecified “unregistered and fraudulent” investments, and seek to recover damages, including punitive damages, as well as costs and interest.
Mr. New’s FINRA BrokerCheck Report also reveals that he is involved in an outside business, American Alternative Investments, which indicates that it involves “selling and referring private placements in life settlements and energy sector.”
If you invested with Alan New in a private investment, including in a life settlement (also known as a “viatical”) or in the energy sector and have lost money doing so, you may be able to recover some or all of your losses. David Chase, a stockbroker fraud attorney, is experienced in recovering investor losses due to stockbroker fraud and mismanagement through the FINRA arbitration process.
FINRA arbitration is a fast, efficient way to attempt to recover your lost investment due to unsuitable recommendations and stock broker misconduct. The Law Firm of David Chase, a securities law firm headed by stockbroker fraud lawyer David Chase, works on a contingency fee basis, meaning you pay it nothing unless it recovers money for you.
The Law Firm of David Chase represents defrauded investors throughout the nation. If you have questions about your situation and opportunity to recover your investment losses, please contact securities lawyer David Chase for a consultation at david@davidchaselaw.com or toll-free at (800) 760-0912.
