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Ex-NYLife Securities Rep Mustaque Choudhury Resigns During Investigation

Mustaque ChoudhuryPublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on July 23, 2018 indicate that former New York-based NYLife Securities broker Mustaque Choudhury recently resigned from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Choudhury (CRD# 5376168).

Mustaque Choudhury has spent nine years in the securities industry and was most recently registered with NYLife Securities in Lake Success, New York (2011-2018). Previous registrations include Signator Investors in Westbury, New York (2010-2011); MetLife Securities in Roslyn, New York (2008-2010); and Chase Investment Services in New York, New York (2007). He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 15, 2007; Series 7 (General Securities Representative Examination), which he obtained on June 2, 2017; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on July 31, 2007; and Series 24 (General Securities Principal Examination), which he obtained on March 3, 2018. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received two denied customer complaints and recently resigned from his former employer.

In May 2018 he submitted his “voluntary resignation” from NYLife Securities in “during an investigation” into allegations that he “facilitated” representatives under his supervision who were participating in the submission of insurance and annuity applications for firm clients “without their full knowledge or consent” so as to meet production requirements.

In 2012 a customer alleged Mustaque Choudhury, while employed at Signator Investors, misrepresented facts and features of a variable life insurance policy. The customer sought $6,500 in damages in the complaint, which was denied.

In 2011 a customer alleged Mustaque Choudhury, while employed at Signator Investors, misrepresented material facts related to an insurance investment. The customer sought unspecified damages in the complaint, which was denied.

If you have lost money investing with Mustaque Choudhury, call Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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