Investor Alert - Beware of annuities and insurance sold by Steve Kaneski

Furgison Law Group is taking cases against New York Life and Kaneski Associates for annuities and insurance sold by Steve Kaneski.

The securities fraud lawyers at Furgison Law Group are currently investigating claims against NYLife Securities LLC, New York Life Insurance Company and Kaneski Associates Financial & Insurance Services related to misconduct by Steven R. Kaneski (CRD #2028197). The arbitration attorneys at Furgison Law Group are investigating claims involving allegations of breach of fiduciary duty, failure to supervise, misrepresentations, omissions of material facts, conflict of interests, violations of state and federal securities laws, along with other broker misconduct. The claims relate to recommendations by Steve Kaneski to purchase excessive securities and insurance products, including, whole life policies and variable annuities that were not suitable for the investors. Kaneski Associates operated out of offices in Sacramento and Roseville, California.

Steve Kaneski has similar complaints of wrongdoing reported on his regulatory file.

The CRD Report of Steven Kaneski includes the disclosure of two other customer complaints. The customers in those cases alleged Steve Kaneski and NYLife Securities, LLC, sold unsuitable securities and did not properly disclose the fees and surrender charges associated with variable annuities. These types of customer complaints are serious red flags that evidence a pattern of unsuitable investment recommendations in order to generate commissions and income for themselves, at the expense of their clients. Both of the previous customer complaints listed in the regulatory record have already settled for substantial sums.

According to his CRD Report, Steve Haneski was also charged with "Driving Under The Influence Injury", by the Sacramento Police Department in 1990. The report states that Steve Haneski served approximately five (5) years on probation for the DUI offense.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets or as a result of investments, annuities or insurance purchased through Steve Kaneski or NYLife Securities, LLC, New York Life Insurance Company or Kaneski Associates Financial & Insurance Services, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.