National investment loss lawyers KlaymanToskes is investigating broker Pragnesh Bhat (CRD# 5769860) of NYLIFE Securities.
According to FINRA BrokerCheck, broker Pragnesh Bhat is currently involved in a customer complaint alleging unsuitable recommendations to invest in a variable annuity investment, with the customer seeking $615,240 in damages.
Investors that suffered losses with broker Pragnesh Bhat 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 Pragnesh Bhatt of NYLIFE Securities is currently facing a customer complaint alleging $615,240 in investor damages due to unsuitable recommendations to invest in a variable annuity. The complaint further alleges that the customer’s request to reallocate their subaccounts was not followed. According to FINRA BrokerCheck, broker Pragnesh Bhatt is currently registered with NYLIFE Securities in Bethesda, MD.
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 Pragnesh Bhatt, 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.