Paris Lewis (CRD#: 2335964) has been terminated from his role as a broker with NYLife Securities LLC, according to his BrokerCheck record accessed on March 3, 2020.
What happened to lead to Paris Lewis’s termination? On December 22, 2019, NYLife Securities terminated Paris Lewis after the firm found that he violated company policy by borrowing money from a customer. How did the brokerage firm become aware of Paris Lewis’s alleged misconduct? The firm received a verbal customer complaint.
This is not the first time that Paris Lewis has been discharged from a firm. On February 26, 2015, MetLife discharged Paris Lewis after the firm found that he did not follow firm policy regarding outside business activities. Per FINRA rules, brokers must receive written approval from their firms before engaging in outside business activities, including private securities transactions.
The Detailed Report of Paris Lewis’s BrokerCheck record lists various outside business activities, including property and casualty sales “appointed with outside carriers for the purpose of brokering property and casualty products.” He spends two hours per month on this investment-related activity. Another business activity is Property Acquisition Team LLC, a real estate acquisition company of which Paris Lewis is a 34% owner. He spends four hours per month on this activity.
Paris Lewis is not currently registered as a broker. Over his 25-year career in the securities industry, Paris Lewis worked for three brokerage firms. In addition to NYLife Securities LLC (CRD#: 5167), he has also worked for MetLife Securities Inc. (CRD#: 14251) and Metropolitan Life Insurance Company (CRD#: 4095). He has passed the Series 65 – Uniform Investment Adviser Law Examination, the Series 63 – Uniform Securities Agent State Law Examination, the SIE – Securities Industry Essentials Examination, the Series 7 – General Securities Representative Examination, and the Series 6 – Investment Company Products/Variable Contracts Representative Examination.
If Paris Lewis was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta to learn about your options for recovery. Call (877) 238-4175 or email email@example.com for your free case consultation.