Important Update: Haselkorn & Thibaut has launched an investigation into William Basil Mangano (NYLIFE Securities LLC, Columbiana, OH). If you have worked with this advisor or have experienced issues with your investments, it may benefit you to understand your rights and options. Haselkorn & Thibaut is a nationally recognized investment fraud law firm, offering free consultations and a no recovery, no fee promise—call 1-888-885-7162 today to discuss your situation with one of their experienced attorneys.
Who is William Basil Mangano (NYLIFE Securities LLC, Columbiana, OH)?
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William Basil Mangano is a registered broker and investment advisor with over 42 years of experience. Based in Columbiana, Ohio, he has maintained long-term associations with two firms: NYLIFE Securities LLC as a broker and Eagle Strategies LLC as an investment advisor. Mangano’s consistent roles underscore a stable, enduring presence in the financial services industry.
Key Background Information
| Name | William Basil Mangano |
| CRD Number | 1156046 |
| Primary Broker-Dealer | NYLIFE Securities LLC 225 E. State Route 14, Suite 103, Columbiana, OH 44408 |
| Investment Advisor Firm | Eagle Strategies LLC, Columbiana, OH |
| States Registered | Ohio, California, Florida, Georgia, Maryland, Nevada, Pennsylvania, South Carolina, Texas |
| Active Since | 1983 (Broker), 2004 (Investment Advisor) |
| Total Years in Industry | 42 |
| Current Status | Active |
| FINRA BrokerCheck Profile | View Profile |
Complaint and Disclosure History: What Investors Need to Know
A crucial aspect for investors is understanding an advisor’s disclosure history. William Basil Mangano’s record reflects three customer disputes over his career. Below is a detailed breakdown of these complaints:
Complete List of Complaints
1. November 7, 2024 – Annuity Misrepresentation
- Allegation: A customer claimed she was misled regarding the consolidation of her existing annuities into a new product. She was reportedly not informed about her right to cancel the transaction during the “free-look” period, and incurred a financial loss before funds were transferred elsewhere.
- Damage Sought: $9,237.71
- Resolution: Settled. Customer received the full requested amount.
- Status: Disclosure currently listed as pending on some filings.
- Product Type: Annuities
2. June 11, 2010 – Variable Life Insurance Disclosure
- Allegation: Customers stated they were not adequately informed about the premium payments and costs related to a variable life insurance policy purchased in 1999.
- Settlement: $200,000.00
- Product Type: Variable Life Insurance
3. March 13, 2009 – Unauthorized Variable Annuity Transaction
- Allegation: Investor said that despite requesting his mutual funds to be liquidated and kept in cash, funds were placed into a variable annuity policy without his consent.
- Requested Damages: $54,067.80
- Resolution: Denied
- Product Type: Variable Annuity / Mutual Funds
What Do These Disclosures Mean for Investors?
While three disputes over a four-decade career might appear infrequent, two of the complaints resulted in substantial monetary settlements, with combined payouts exceeding $209,000. Notably, each complaint centered on insurance-based products, such as annuities and variable life policies. In all three cases, the primary concern involved either inadequate disclosure or actions executed without full client knowledge or authorization.
For investors, these incidents can serve as important red flags regarding product suitability, full disclosure of risks and fees, and the necessity for clear communication from financial advisors.
Key Takeaways and Risk Assessment
- Long-standing career at NYLIFE Securities LLC in Columbiana, Ohio. Stability can often signal reliability but does not eliminate the need for ongoing vigilance.
- All customer complaints are related to disclosure and suitability. Investors should always ask detailed questions and seek written clarifications regarding complex products—especially annuities and variable life insurance policies.
- No regulatory bars or suspensions have been imposed. William Basil Mangano remains an active broker and investment advisor.
- Licensed in 10 states. Geographic reach expands potential client exposure and highlights the importance of state as well as national oversight.
- Dispute pattern suggests areas for enhanced supervision—relevant for both current and prospective clients seeking transparency and fair dealing.
Why Choose Haselkorn & Thibaut?
Haselkorn & Thibaut (investmentfraudlawyers.com) is a national law firm dedicated to representing investors who have lost money through broker misconduct, fraud, or unsuitable investment recommendations. With over 50 years of combined experience, a 98% success rate, and millions of dollars recovered for clients nationwide, the team has the experience and tenacity needed to help you recover losses. No recovery. No fee.
If you invested with William Basil Mangano or NYLIFE Securities LLC in Columbiana, OH, and have concerns about your account—especially if your investments involved annuities or variable life insurance products—you are encouraged to contact Haselkorn & Thibaut today at 1-888-885-7162 for a free, confidential consultation. There is no cost and no obligation to explore your options.
Remember, time limits do apply to bringing claims or seeking recoveries. Don’t wait—your first consultation is free, and there are never fees unless we recover for you.
