Monthly Archives: February 2022

In a forgery investigation, FINRA has barred a stockbroker from NYLife. Kyle Zachary Wittgren, a stockbroker formerly registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity, based on findings that Wittgren refused to testify in an investigation relating to allegations that he signed customer names on variable annuity applications without authorization while registered with NYLife Securities between April 26, 2016, and April 29, 2021. According to an Acceptance, Waiver, and Consent Letter (AWC) dated December 27, 2021. FINRA received a Uniform Termination Notice for Securities Industry Registration (Form U5) on April 1, 2021, indicating that Wittgren was allowed to resign, based on allegations that he admitted to forging or signing customers’ names without their agreement or knowledge. Wittgren was also accused of submitting 13 variable annuity applications, according to NYLife. Wittgren also allegedly changed customer email addresses, according to the securities broker-dealer. The allegations made by NYLife Securities were the subject of a FINRA investigation, which resulted in FINRA sending Wittgren a request to testify about the allegations on December 17, 2021. Wittgren’s failure to cooperate was considered by FINRA to be a violation of Rules 2010 and 8210.

Maddox Hargett & Caruso, P.C. represents investors nationwide who are trying to recover their losses. You can call or email our senior partner Mark Maddox to have your potential case evaluated at no charge. Please call 317-598-2043 or email him at mmaddox@mhclaw.com.

Amy Marjorie O’Brien consented to an Acceptance, Waiver and Consent Letter (AWC) prohibiting her from working with any FINRA member in any capacity. O’Brien consented to the censure and the entry of findings that she failed to deliver documents and information as required by FINRA without admitting or contesting the findings. According to the findings, O’Brien was being investigated after she refused to assist with an anonymous report that she had inappropriately collected monies from an elderly customer. (Financial Industry Regulatory Authority Case #2021073002001)

Maddox Hargett & Caruso, P.C. represents investors nationwide who are trying to recover their losses. You can call or email our senior partner Mark Maddox to have your potential case evaluated at no charge. Please call 317-598-2043 or email him at mmaddox@mhclaw.com.