(888) 637-5510

Written by 6:39 pm Broker Investigations

Fernando Corcuchia, NYLife, Barred by FINRA   

Fernando Corcuchia, NYLife, Barred by FINRA  featured by top securities fraud attorneys, the White Law Group

FINRA Bars NYLife Broker Fernando Corcuchia after Allegations 

According to public records, on April 12, 2024, FINRA, the self-regulator, has reportedly barred Fernando Corcuchia from associating with any FINRA member at any time.
On May 12, 2023, NYLife filed a Uniform Termination Notice for Securities Industry Registration (Form U5) disclosing that Corcuchia had been permitted to resign after a review of his business practices revealed that he had violated company policy.  

Corcuchia was permitted to resign after a review of his business practices allegedly found, among other things, that he submitted an electronic life insurance application for an unrelated customer without her authorization or consent, used his personal bank accounts as client accounts, and used his business email address for clients in violation of company policy, according to FINRA. 

On February 23, 2024, in connection with an investigation into the circumstances giving rise to the Form U5 filed by NYLife, FINRA requested that Corcuchia appear for on-the-record testimony.  By reportedly refusing to appear for on-the-record testimony, Corcuchia allegedly violated FINRA Rules 8210 and 2010, leading to the bar.

FINRA BrokerCheck Report – Fernando Corcuchia     

According to this FINRA BrokerCheck report, Fernando Corcuchia was affiliated with the following firms during his career, among others:

04/19/2023 – 09/22/2023, PRUCO SECURITIES, LLC. (CRD#:5685), NEWARK, NJ,
B, 08/15/2011 – 05/12/2023, NYLIFE SECURITIES LLC (CRD#:5167), SAN FRANCISCO, CA
B, 07/10/2009 – 11/30/2010, NEW ENGLAND SECURITIES (CRD#:615), FOSTER CITY, CA 

 The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.        

FINRA BrokerCheck provides investors with detailed information about the professional history, qualifications, and regulatory actions of brokers and brokerage firms. You can use the tool to verify if a broker or brokerage firm is registered with FINRA, review their employment history, licensing status, and any regulatory actions or complaints filed against them.     

Filing a Complaint against your Brokerage Firm    

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.    

If you have suffered investment losses with Fernando Corcuchia and NYLife Securities, the securities attorneys at the White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510. 
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases.   

Our firm represents investors in all types of securities related claims, including claims involving stock fraud, broker misrepresentation, churning, unsuitable investments, selling away, and unauthorized trading, among many others.           

With over 30 years of securities law experience, The White Law Group has the expertise to help investors to recover their securities fraud losse

Tags: , , Last modified: April 22, 2024