Kari Bracy: Investor Seeks $142,000 in Future Income Payments Complaint

Kari BracyPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on September 14, 2018 indicate that Florida-based NYLife Securities broker Kari Bracy has received a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Bracy (CRD# 5656186).

Kari Bracy has spent nine years in the securities industry and has been registered with NYLife Securities in Jacksonville Beach, Florida since 2009. She has no previous registrations. She has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which she obtained on October 2, 2014, and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which she obtained on July 14, 2009. She is a registered broker with one US state, Florida, and with one self-regulatory organization (SRO): FINRA.

According to her BrokerCheck report, she has received one pending customer complaint.

In July 2018 a customer alleged Kari Bracy, while employed at NYLife Securities, misrepresented an investment in Future Income Payments as “a conservative and safe investment” that would yield an annual return of 7.5% for ten years. The customer is seeking more than $142,600 in damages in the pending complaint.

For reference, Future Income Payments is a Delaware LLC that used to operate as “Pensions, Annuities and Settlements.” Over recent years the company has become the subject of scrutiny, specifically in a number of regulatory actions against the company, as well as a civil lawsuit it filed against the Consumer Finance Protection Bureau—a lawsuit it lost, and after which the CFPB alleged Future Income Payments was issuing loans without a licensed. In 2016, the State of New York alleged the company was “operating illegally” and ordered it to cease operations in that state, as well as to pay back interest it had charged its customers, plus a penalty of $500,000.

If you or someone you know has lost money investing with Kari Bracy, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.