Our firm is investigating NYLIFE Securities LLC broker and financial advisor Ammie Mareez Tolentino De los Reyes (CRD# 7302682) of Latham, New York for potential investment-related misconduct.
Financial Advisor’s Career History
According to her FINRA registration and employment history, Ammie Mareez Tolentino De los Reyes has worked in the securities industry with the following firms:
- NYLIFE Securities LLC (Registered Representative): 06/2021 – Present (Latham, NY)
- Eagle Strategies LLC (Investment Adviser Representative): 07/2023 – Present (Latham, NY)
FINRA records also reflect that she has passed the SIE (01/30/2021), Series 6TO (10/18/2021), Series 63 (12/16/2021), and Series 65 (07/07/2023) examinations.
Ammie Mareez Tolentino De los Reyes Fraud Allegations and Investor Complaints Explained
FINRA’s BrokerCheck disclosure history reflects one customer dispute reported for Ammie Mareez Tolentino De los Reyes.
Disclosures (for quick reference):
- Customer Dispute (Written Complaint) — Received: 02/07/2022 — Allegations: fixed annuity surrender-charge period misrepresented; client profile accuracy challenged — Disposition: Settled — Status Date: 03/26/2022 — Settlement: $25,608.77 — Individual Contribution: $0.00
Customer Dispute: Fixed Annuity Surrender-Charge Period and Client Profile Accuracy (Settled)
- Employing firm at time of alleged activity: NYLIFE Securities LLC
- Products identified: Fixed Annuity and Mutual Fund
- Allegations: The customer alleged that the fixed annuity policy purchased in February 2021 contained a longer surrender-charge period than originally understood and that information represented on the customer’s Client Profile was not accurate.
- Complaint received: 02/07/2022 (written complaint)
- Alleged damages: $0.00 (the customer did not specify damages, but the firm reported a good-faith determination that damages may exceed $5,000)
- Resolution: Settled
- Status date: 03/26/2022
- Settlement amount: $25,608.77
- Individual contribution amount: $0.00
To obtain a copy of Ammie Mareez Tolentino De los Reyes’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) is implicated by allegations like these because Rule 2111 requires a broker to have a reasonable basis to believe a recommendation is suitable based on the customer’s investment profile, including factors such as risk tolerance, liquidity needs, investment time horizon, and financial situation. If a complaint alleges a fixed annuity had a longer surrender-charge period than the customer understood, that can raise the question of whether the recommendation aligned with the customer’s liquidity needs and time horizon as required by Rule 2111.
FINRA Rule 2090 (Know Your Customer) matters in disputes involving an “inaccurate” client profile because Rule 2090 requires firms and associated persons to use reasonable diligence to know essential facts about the customer. If the client profile information was not accurate, then the suitability analysis tied to the recommendation can be undermined, because a recommendation based on incorrect customer information can lead to a mismatch between the product’s features (like surrender periods) and the customer’s actual needs.
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) can be relevant when the alleged misconduct involves misstatements, omissions, or misleading impressions about key product features, such as surrender-charge periods and the practical cost of exiting a fixed annuity early. If an investor claims they did not understand a material restriction or cost that would reasonably affect the decision to purchase, Rule 2010 provides a broad ethical standard that may be cited in evaluating whether the conduct fell below industry expectations.
Losing your savings to a dishonest broker or advisor can be devastating, but you do not have to face it alone. Robert Wayne Pearce and his team have spent over four decades helping investors who were misled or defrauded by Wall Street firms. The Law Offices of Robert Wayne Pearce, P.A. takes cases nationwide on a contingency fee basis. You pay nothing unless we recover your losses. Call (800) 732-2889 or email pearce@rwpearce.com today for a free and confidential consultation.