Michael Norman, formerly with NY Life Securities, Barred from Securities Industry

– Reno, Nevada

Have you lost money with financial advisor Michael Norman of Reno, Nevada?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Michael Andrew Norman. FINRA barred Norman from the securities industry after he failed to respond to a FINRA investigation.  FINRA was investigating Norman after he was alleged to have loaned money to a customer to purchase securities.

Michael Norman was a financial advisor and registered representative of NYLife Securities from 1990 to June 2018.  He worked at a branch office in Reno, Nevada.  Norman was also the subject of one customer complaint in 2018, alleging misrepresentations related to a mutual fund purchase.

Brokerage firms like NY Life Securities have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; and Seattle, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Nevada.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including NY Life Securities.

Click to view:  Norman, Michael FINRA AWC

Click to view:  Norman, Michael BrokerCheck 12.3.18

If you lost money with Michael Norman or NYLife Securities, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.