Jeffrey Perryman, formerly an agent with New York Life Insurance, NY Life Securities, and Eagle Strategies, is an insurance professional based in Northern Colorado. Our office represents a number of individuals and entities seeking to recover damages for Mr. Perryman’s actions.
Perryman operated primarily in Fort Collins, Loveland and Windsor, Colorado. Our clients filed suit against Perryman’s former employers and are working with a number of investors who allege improper life insurance sales by Perryman and that Perryman charged improper fees. Some have also alleged that he forged initials or signatures on insurance policy documents.
Life insurance is an expensive and is often an unsuitable way of investing retirement savings. Excessive commissions often motivate advisors and agents to sell excessive amounts of insurance. When many advisors should be recommending investment products paying commissions of less than 1%, advisors like Perryman are alleged to have recommended an unsuitable level of life insurance because such investments pay commissions several times greater. Adding to this, Perryman allegedly charged management fees, in addition to the commissions, to oversee the policies.
New York Life and its various financial services arms discontinued its relationship with Perryman on April 11, 2024. Perryman resigned after New York Life allegedly found that he exceeded the scope of his approved activities as an investment advisor for charging for unapproved fees. Perryman had been an employee of New York Life since the early 1990s.
On October 7, 2024, the federal regulator, FINRA, settled its charges against Perryman. Perryman consented to a permanent bar from the securities brokerage industry.
There are also four resolved customer disputes involving settlements of claims by Perryman’s employers.
We are a firm that believes in informing investors. Please contact us with any information or questions concerning this matter.
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