Marlyn McClain Has Received Multiple Complaints Regarding Life Insurance Investments

Marlyn McClainPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 23, 2018 indicate that Iowa and Nebraska-based NYLife Securities broker Marlyn McClain has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. McClain (CRD# 325415).

Marlyn McClain has spent 41 years in the securities industry and has been registered with NYLife Securities in Council Bluffs, Iowa and Omaha, Nebraska since 1982. She was previously registered with New York Life Variable Contracts Corporation (1974-1979). She has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which she obtained on September 21, 1984, and Series 1 (Registered Representative Examination), which she obtained on May 10, 1974. She is a registered broker and investment adviser with 20 US states and territories: Arizona, Arkansas, California, Colorado, Florida, Georgia, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, New Jersey, New York, Oklahoma, South Carolina, South Dakota, Texas, Washington, and Wisconsin.

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

In April 2018 a customer alleged Marlyn McClain, while employed at NYLife Securities, recommended an unsuitable Survivorship variable universal life insurance policy in January 2013. The customer is seeking unspecified damages in the pending complaint.

In 2011 a customer alleged Marlyn McClain, while employed at NYLife Securities, misrepresented material facts related to an unsuitable insurance product. The complaint settled for more than $71,200.

In 1995 a customer alleged Marlyn McClain, while employed at NYLife Securities, failed to disclose material facts and recommended the purchase of an excessive amount of life insurance. The complaint settled for $120,000.

If you have lost money investing with Marlyn McClain, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. 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.