National investment loss lawyers KlaymanToskes is investigating broker Ceondre Colvin (CRD# 7329753) of NYLIFE Securities.
According to FINRA BrokerCheck, broker Ceondre Colvin, formerly of NYLife Securities, is currently being investigated by the Financial Industry Regulatory Authority (“FINRA”) for alleged violations of FINRA Rules 8210 and 2010 for failing to provide information and documents requested by FINRA in connection with its investigation into his termination from NYLife (Wells Notice #20240820134).
Colvin was terminated from NYLife Securities on May 30, 2024, after a review found, among other things, that he made unauthorized withdrawals from two customers’ bank accounts to pay for his personal expenses. A Fraud Report was allegedly filed with the Pennsylvania Division of Insurance.
Investors that suffered losses with broker Ceondre Colvin are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Financial advisor Ceondre Colvin was terminated from NYLife Securities after a review by the firm found, among other things, that he made unauthorized withdrawals from two customers’ bank accounts to pay for his personal expenses. Additionally, the allegations disclose that a Fraud Report was filed with the Pennsylvania Division of Insurance. Colvin is currently being investigated by the Financial Industry Regulatory Authority (“FINRA”) (Wells Notice #20240820134), for failing to provide information and documents requested by FINRA in connection with its investigation into his termination from NYLife. FINRA made a preliminary determination to recommend that disciplinary action be brought against Ceondre Colvin alleging violation of FINRA Rules 8210 and 2010 for failing to provide information and documents requested pursuant to FINRA Rule 8210.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Ceondre Colvin, or have concerns regarding your investment portfolio at NYLIFE Securities, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.