We are investigating Northern Colorado investment advisor and insurance agent Jeffrey Perryman. Perryman was previously employed by New York Life Insurance, NYLife Securities and Eagle Strategies, LLC. Please call 303-300-5022 or 1-844-253-5858 if you were a customer / investor of Perryman’s for a free and confidential consultation.
Jeffrey Perryman is alleged to have committed multiple misdeeds in insurance and securities sales. As to insurance, he is alleged to have oversold life insurance to customers, misrepresented the cost of the policies and inappropriately sold policies by convincing customers to take loans against other policies.
In October of 2024, financial industry regulators barred Perryman from the securities industry. Perryman failed to cooperate with regulators or otherwise provide a sufficient defense to deny that he engaged in inappropriate business practices.
He is also alleged to have charged investment management fees to customers to oversee insurance policies where he had already been paid a hefty commission. Perryman billed customers through his company Legacy Wealth. This created an unreasonably high payment for his services and constituted a “double-dip” of compensation.
As to securities, Perryman is alleged to have committed fraud in the misrepresentation of variable annuities, inappropriate sales of A-share mutual funds, and churning of mutual funds.
Perryman ultimately was permitted to resign and lost his employment with New York Life and NYLife Securities for charging clients for unapproved activities.
Industry standards require life insurance and annuity sales to be suitable. Securities regulations require securities sales to be in the best interests of the investor. Fiduciaries like Perryman, who operated as a “registered investment advisers”, are required to go above and beyond that. Registered investment advisers are required to put their client’s interests ahead of their own and fully disclose all material facts. Perryman’s failure to do this has led to substantial losses by his clients.
We are located in the Denver Tech Center and have represented Colorado residents for over 20 years concerning fraud and negligence by the financial services industry. Please contact us to determine your rights in recovering your losses.
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