Rodney Ferguson (CRD #: 2482868), a broker registered with NYLife Securities LLC and an investment adviser registered with Eagle Strategies LLC, has a pending investor dispute regarding an unsuitable investment recommendation, according to his BrokerCheck record, accessed on August 24, 2020. There are several other disclosures involving unsuitable investment recommendations that potential clients should note.
On June 1, 2020, a client alleged that Rodney Ferguson made an unsuitable investment recommendation to liquidate an annuity in order to purchase mutual funds through NYLife Securities, LLC. The client is seeking $173,000 in damages; the dispute is pending.
On January 30, 2017, a client alleged that Mr. Ferguson made an unsuitable investment recommendation — specifically a costly annuity. The dispute settled for $38,670.11.
On April 17, 2012, a client alleged that Rodney S. Ferguson had given him incomplete or incorrect information regarding the 401K plan his company had purchased. The dispute settled for $32,411.12.
On June 29, 2009, a client alleged that Rodney S. Ferguson failed to follow instructions to stop premiums on a variable life policy. The client further alleged that Rodney S. Ferguson failed to put money into a money market brokerage account, as per the client’s instructions. The dispute settled for $29,292.
Rodney Ferguson has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, and the Series 6 Investment Company Products/ Variable Contracts Representative Examination. He is a registered broker in Alaska, Arkansas, California, D.C., Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Massachusetts, Mississippi, Missouri, New Hampshire, New Jersey, New York, North Carolina, Ohio, South Carolina, Texas, Virginia, and Wisconsin. He is also a registered investment adviser in Florida, Missouri, and Texas.
Rodney Ferguson has 26 years of experience in the securities industry. During his career, he has worked at the following firms:
- PFIC Securities Corporation (CRD #: 34941)
- Magna Investments (CRD #: 16511)
- Cigna Financial Advisors, Incorporated (CRD #: 145)
If Rodney Ferguson was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for your free case consultation with a securities attorney.