{"id":2549,"date":"2017-03-15T00:00:00","date_gmt":"2017-03-15T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/former-nylife-securities-llc-broker-amr-aboulmagd-permanently-barred-acting-broker\/"},"modified":"2018-10-08T12:37:10","modified_gmt":"2018-10-08T16:37:10","slug":"former-nylife-securities-llc-broker-amr-aboulmagd-permanently-barred-acting-broker","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/former-nylife-securities-llc-broker-amr-aboulmagd-permanently-barred-acting-broker\/","title":{"rendered":"Former NYLife Securities LLC Broker Amr Aboulmagd Is Permanently Barred from Acting as a Broker"},"content":{"rendered":"<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3476\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/iStock-484048674.jpg\" alt=\"Former NYLife Securities LLC Broker Amr Aboulmagd Is Permanently Barred from Acting as a Broker on silverlaw.com\" width=\"417\" height=\"278\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/iStock-484048674.jpg 1254w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/iStock-484048674-300x200.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/iStock-484048674-768x512.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/iStock-484048674-1024x683.jpg 1024w\" sizes=\"auto, (max-width: 417px) 100vw, 417px\" \/><\/p>\n<h2 style=\"text-align: justify;\">He allegedly misrepresented information regarding both fixed and variable annuities to customers who suffered financial losses as a result<\/h2>\n<p style=\"text-align: justify;\">While the Financial Industry Regulatory Authority (FINRA) permanently barred former NYLife Securities LLC broker Amr Mostafa Aboulmagd in October 2016, additional complaints continue to be filed against him.<\/p>\n<p style=\"text-align: justify;\">With a total of four <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/3273075\"  target=\"_blank\"><span style=\"text-decoration: underline;\">customer disputes<\/span><\/a> lodged against him, Aboulmagd was barred by FINRA due to his failure to appear for on-the-record testimony requested by the regulatory body in connection to an investigation into allegations of misrepresentation and making <a href=\"https:\/\/www.silverlaw.com\/unsuitability-and-misrepresentation-2\/\"  target=\"_blank\"><span style=\"text-decoration: underline;\">unsuitable recommendations<\/span><\/a> to customers regarding switches from a fixed annuity to a variable annuity.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/former-nylife-securities-llc-broker-amr-aboulmagd-permanently-barred-acting-broker\/\"  title=\"Continue Reading Former NYLife Securities LLC Broker Amr Aboulmagd Is Permanently Barred from Acting as a Broker\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>He allegedly misrepresented information regarding both fixed and variable annuities to customers who suffered financial losses as a result While the Financial Industry Regulatory Authority (FINRA) permanently barred former NYLife Securities LLC broker Amr Mostafa Aboulmagd in October 2016, additional complaints continue to be filed against him. With a total of four customer disputes lodged [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[579],"tags":[183],"class_list":["post-2549","post","type-post","status-publish","format-standard","hentry","category-broker-permanently-barred","tag-amr-aboulmagd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Former NYLife Securities LLC Broker Amr Aboulmagd Is Permanently Barred from Acting as a Broker &#8212; Securities Arbitration Lawyers Blog &#8212; March 15, 2017<\/title>\n<meta name=\"description\" content=\"Check out the new article Former NYLife Securities LLC Broker Amr Aboulmagd Is Permanently Barred from Acting as a Broker on silverlaw.com\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/former-nylife-securities-llc-broker-amr-aboulmagd-permanently-barred-acting-broker\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Former NYLife Securities LLC Broker Amr Aboulmagd Is Permanently Barred from Acting as a Broker &#8212; 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Securities Arbitration Lawyers Blog &#8212; March 15, 2017","twitter_description":"Check out the new article Former NYLife Securities LLC Broker Amr Aboulmagd Is Permanently Barred from Acting as a Broker on silverlaw.com","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/iStock-484048674.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/former-nylife-securities-llc-broker-amr-aboulmagd-permanently-barred-acting-broker\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/former-nylife-securities-llc-broker-amr-aboulmagd-permanently-barred-acting-broker\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Former NYLife Securities LLC Broker Amr Aboulmagd Is Permanently Barred from Acting as a Broker","datePublished":"2017-03-15T04:00:00+00:00","dateModified":"2018-10-08T16:37:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/former-nylife-securities-llc-broker-amr-aboulmagd-permanently-barred-acting-broker\/"},"wordCount":468,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/former-nylife-securities-llc-broker-amr-aboulmagd-permanently-barred-acting-broker\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/iStock-484048674.jpg","keywords":["Amr Aboulmagd"],"articleSection":["Broker Permanently Barred"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/former-nylife-securities-llc-broker-amr-aboulmagd-permanently-barred-acting-broker\/","url":"https:\/\/www.silverlaw.com\/blog\/former-nylife-securities-llc-broker-amr-aboulmagd-permanently-barred-acting-broker\/","name":"Former NYLife Securities LLC Broker Amr Aboulmagd Is Permanently Barred from Acting as a Broker &#8212; 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