Michael Damon Has Received Several Resolved or Pending Customer Complaints

Michael DamonPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on March 28, 2018 indicate that Massachusetts-based NYLife Securities broker/adviser Michael Damon has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Damon (CRD# 4501030).

Michael Damon has spent 15 years in the securities industry and has been registered with NYLife Securities in Medway, Massachusetts since 2002. He has no previous registrations. He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on October 8, 2016; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 7, 2003; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on April 23, 2002. He is a registered broker and investment adviser with 10 US states: Alabama, California, Connecticut, Florida, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Washington.

According to his BrokerCheck report, he has received three customer complaints and one pending customer complaint.

In December 2017 a customer alleged Michael Damon, while employed at NYLife Securities, failed to adequately disclose the surrender charges associated with a variable annuity product. The customer is seeking more than $7,000 in damages in the pending complaint.

In 2016 a customer alleged Michael Damon, while employed at NYLife Securities, untruthfully told her an annuity transfer “would benefit her and make money.” The complaint settled in March 2017 for more than $18,700.

In 2015 a customer alleged Michael Damon, while employed at NYLife Securities, misrepresented material facts related to an investment. The complaint settled for $52,385.

In 2013 a customer alleged he, while employed at NYLife Securities, did not inform him of rider fees associated with a variable annuity product. The complaint settled in 2014 for more than $20,900.

If you have complaints regarding Michael Damon, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. 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 complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.