Jason S. Min (CRD# 3220191) is a NYLIFE Securities LLC broker and Eagle Strategies LLC investment adviser representative based in La Cañada Flintridge, California, whom our firm is investigating for potential investment-related misconduct involving variable annuity surrender charges.
Financial Advisor’s Career History
According to FINRA’s BrokerCheck report, Jason S. Min has been in the securities and insurance industry since 1999.
- Current registrations and roles
- Registered with NYLIFE Securities LLC (CRD# 5167) since December 8, 1999, working out of a branch office in La Cañada Flintridge, California.
- Registered with Eagle Strategies LLC (CRD# 110826) as an Investment Adviser Representative since February 28, 2005, also based in La Cañada Flintridge, California.
- Employed by New York Life Insurance Co. as an agent since November 1999 in the Los Angeles, California area.
- Prior broker-dealer affiliation
- Previously registered with WMA Securities, Inc. (CRD# 32625) in Duluth, Georgia, from October 1999 to November 1999.
In addition to his securities registrations, Min reports outside business activities as an insurance broker, appointed with various outside insurance carriers for the purpose of brokering non-registered insurance products.
Jason S. Min Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck discloses one pending customer dispute involving Jason S. Min. There are no reported regulatory actions, terminations, bankruptcy filings, criminal, or civil judicial events listed in the report as of the most recent update.
The pending matter involves allegations related to variable annuity transactions and the way surrender charges were explained to the customer.
Key details of the pending customer dispute
- Type of disclosure: Customer dispute – pending
- Reporting source: Broker
- Employing firm at time of alleged conduct: NYLIFE Securities LLC
- Product involved: Variable annuity
- Nature of allegations:
- The customer alleges he was misled regarding variable annuity surrender charges for policies purchased in May 2025 and an additional policy purchased in June 2025.
- Date complaint received: October 23, 2025
- Alleged damages:
- The complaint itself lists $0 in “alleged damages” but notes that the customer has not specified an exact amount.
- NYLIFE Securities LLC states it has made a good-faith determination that the alleged damages would exceed $5,000.00.
- Form of complaint: Written complaint; not an arbitration or civil lawsuit as of the report date.
- Status: Complaint remains pending; there is no reported settlement amount and no individual contribution amount listed for Min.
Summary of the disclosure (bullet-point format)
- Action:
- Customer-initiated, investment-related written complaint alleging sales-practice violations tied to variable annuity surrender charges.
- Allegations:
- Customer claims he was misled about surrender charges applicable to variable annuity policies purchased in May 2025 and June 2025.
- Product:
- Annuity – Variable
- Damages:
- Customer did not specify a dollar amount, but the firm determined potential damages would exceed $5,000.
- Disposition / status:
- Pending; no adjudication, settlement, or dismissal reported.
- Firm involved:
- NYLIFE Securities LLC
At this stage, the customer dispute represents allegations only. There has been no final finding of liability against Jason S. Min or NYLIFE Securities LLC in connection with this disclosure as of the latest BrokerCheck report available.
To obtain a copy of Jason S. Min’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
In the context of the alleged misconduct, FINRA Rule 2111 (Suitability) requires that a broker have a reasonable basis to believe that a recommended investment or strategy is suitable for the customer based on the customer’s investment profile, including financial situation, objectives, risk tolerance, time horizon, and liquidity needs. When a broker recommends variable annuities—especially multiple policies purchased within a short time frame, as alleged in May and June 2025—he must reasonably believe those transactions are appropriate and that any surrender charges and costs are fully considered. If a customer is misled about surrender charges or is not adequately informed about penalties for surrendering or replacing annuities, the recommendation may be unsuitable because the true cost and risk of the strategy were not properly evaluated or explained. In such a case, the alleged pattern of recommending additional annuities while downplaying or mischaracterizing surrender charges could be viewed as inconsistent with the suitability obligations imposed by Rule 2111.
In addition, FINRA Rule 2330 (Members’ Responsibilities Regarding Deferred Variable Annuities) sets out specific responsibilities for firms and brokers when recommending deferred variable annuities, including heightened duties related to disclosure, supervision, and suitability. The rule requires a careful review of whether the transaction is suitable in light of the customer’s age, liquidity needs, and investment objectives, and it emphasizes the importance of explaining surrender periods, charges, and other material features. When a customer alleges he was misled about surrender charges on variable annuities purchased in May 2025 and again in June 2025, the question is whether the broker clearly disclosed how long the surrender period would last, what the penalties would be for early withdrawal or replacement, and whether purchasing multiple annuities increased those costs. If it is ultimately determined that these features were not fully and fairly disclosed, or that the annuity transactions were recommended without proper regard for the customer’s profile, such conduct could be found inconsistent with the disclosure and suitability obligations embedded in Rule 2330.
Finally, FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) requires brokers to observe high standards of commercial honor and just and equitable principles of trade in all of their business dealings. Even when a specific product rule or suitability provision is not clearly violated, conduct that involves misrepresentation, misleading statements, or omissions of material facts about an investment’s costs can still run afoul of Rule 2010. In the context of the pending complaint against Jason S. Min, the allegation that the customer was misled regarding variable annuity surrender charges goes directly to whether the broker’s communications were fair, balanced, and not misleading. If a fact-finder eventually concludes that the surrender charges were misrepresented or inadequately disclosed, the alleged conduct could be viewed as failing to meet the ethical and professional standards embodied in Rule 2010, even apart from any separate violation of suitability or product-specific rules.
The Law Offices of Robert Wayne Pearce, P.A. is a nationally recognized securities law firm representing investors in FINRA arbitration and securities fraud cases on a contingency fee basis. Robert Wayne Pearce, the founding attorney, has more than 45 years of experience recovering millions for victims of broker misconduct and investment fraud. He previously defended major brokerage firms and now uses that insight to protect investors nationwide. To discuss your case directly with Mr. Pearce, call (800) 732-2889 or email pearce@rwpearce.com for a free consultation.