Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 1, 2016 indicate that Louisiana-based NYLife Securities broker/adviser Samuel Herbert has been the subject of numerous customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Herbert (CRD# 2679181).
Samuel Herbert has spent 20 years in the securities industry and has been registered with NYLife Securities in Lake Charles, Louisiana since 1995. He has no previous registrations. He is a registered broker and investment adviser with fourteen US states and territories: Alabama, Arizona, Arkansas, Louisiana, Maryland, Mississippi, New Jersey, New Mexico, New York, Oklahoma, Pennsylvania, South Dakota, Tennessee, and Texas.
According to his BrokerCheck report, Samuel Herbert has received five customer complaints.
In January 2016, a customer alleged Samuel Herbert, while employed at NYLife Securities, recommended unsuitable investments and misled him about the fees and costs associated with a variable annuity. The complaint settled in February 2016 for more than $12,000.
In November 2015, a customer alleged Samuel Herbert, while employed at NYLife Securities, did not inform him of the surrender charges associated with variable annuity contracts and misinformed him regarding the tax consequences incurred from early withdrawals. The complaint settled in January 2016 for $43,000.
In January 2015, a customer alleged Samuel Herbert, while employed at NYLife Securities, provided misinformation regarding the fees associated with variable annuity policies. The complaint settled in April 2015 for more than $31,200.
In February 2015, a customer alleged Samuel Herbert, while employed at NYLife Securities, did not disclose the terms and conditions of an unsuitable variable annuity product. The complaint settled in April 2015 for more than $118,500.
In 2014 a customer alleged Samuel Herbert, while employed at NYLife Securities, misrepresented material facts related to a variable annuity. The complaint settled for more than $54,300.
If you have lost money investing with Samuel Herbert, you may be able to collect a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your claim, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.