Investigation Alert: Soyoung Yom and NYLife Securities Under Scrutiny
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Haselkorn & Thibaut has opened an investigation into Los Angeles financial advisor Soyoung Yom and her practices at NYLife Securities following a recent investor complaint that raises questions about her business conduct and disclosure practices.
If you’ve worked with Soyoung Yom or have concerns about variable universal life insurance policies sold through NYLife Securities, understanding your rights as an investor has never been more important. This comprehensive report examines the details surrounding the complaint and what investors should know.
Who is Soyoung Yom?
Soyoung Yom (CRD# 4243462) brings 24 years of securities industry experience to her role at NYLife Securities. Based in Los Angeles, California, she has maintained her registration with NYLife Securities since 2008, establishing herself as a long-standing member of their advisory team.
Professional Background
- Current Firm: NYLife Securities (since 2008)
- Location: Los Angeles, California
- Experience: 24 years in the securities industry
- Licensing: California
- Previous Registrations: Pruco Securities, WMA Securities
Her professional qualifications include passing three key securities examinations:
| Examination | Purpose |
|---|---|
| SIE (Securities Industry Essentials) | Fundamental industry knowledge |
| Series 63 | State law and regulations |
| Series 6 | Investment company and variable contracts |
Understanding the Recent Complaint
In September 2025, an investor complaint was filed against Soyoung Yom through official FINRA channels. This complaint centers on variable universal life insurance policies sold in 2013, raising two primary concerns that deserve careful attention.
Key Allegations
1. Insufficient Disclosure: The complaint alleges that Yom failed to fully explain the variable universal life insurance policies that were sold to the complainant’s parents. This raises questions about whether all material facts about these complex financial products were adequately communicated.
2. Unauthorized Ownership Transfer: Perhaps more concerning, the complaint states that ownership of these policies was transferred to the complainant without their knowledge or consent. This allegation suggests potential issues with proper authorization and documentation procedures.
The complaint remains pending and seeks unspecified damages, indicating the matter is still under review.
Why Variable Universal Life Insurance Matters
Variable universal life insurance policies are complex financial instruments that combine life insurance coverage with investment components. Understanding these products requires careful explanation because:
- Investment risks can affect policy values
- Premium flexibility may lead to unexpected obligations
- Fee structures can significantly impact returns
- Tax implications require careful consideration
When advisors recommend these products, full disclosure of all features, risks, and costs becomes essential for informed decision-making.
Red Flags Investors Should Consider
While every situation is unique, certain patterns warrant extra attention from investors:
Documentation Concerns
- Missing or incomplete paperwork for policy changes
- Ownership transfers without clear authorization
- Beneficiary changes made without your knowledge
Communication Issues
- Complex products sold without thorough explanation
- Risk factors not fully disclosed
- Fee structures left unclear or unexplained
Your Rights as an Investor
FINRA regulations provide important protections for investors. Financial advisors must:
| Requirement | What It Means for You |
|---|---|
| Suitability Standards | Recommendations must match your financial situation and goals |
| Full Disclosure | All material facts about investments must be explained |
| Proper Documentation | All transactions require appropriate authorization |
| Fair Dealing | High standards of commercial honor must be maintained |
What Should You Do Next?
If you’ve worked with Soyoung Yom or have concerns about financial products purchased through NYLife Securities, taking action promptly protects your interests:
1. Review Your Documents: Gather all paperwork related to your investments, especially variable universal life insurance policies.
2. Check for Red Flags: Look for unexplained ownership changes, missing signatures, or transactions you don’t recognize.
3. Document Your Concerns: Write down specific issues, dates, and any communications with your advisor.
4. Seek Professional Guidance: Understanding your options requires experienced legal counsel familiar with securities regulations.
How Haselkorn & Thibaut Can Help
With over 50 years of experience in securities law, Haselkorn & Thibaut has achieved a 98% success rate and recovered millions for clients nationwide. Our team understands the complexities of cases involving variable universal life insurance and unauthorized transactions.
We operate on a “No Recovery, No Fee” basis, meaning you pay nothing unless we successfully recover compensation for your losses. Your BrokerCheck report review and initial consultation are completely free and confidential.
Don’t wait to protect your financial future. If you have concerns about your investments with Soyoung Yom or NYLife Securities, or if you’ve experienced similar issues with variable universal life insurance policies, we’re here to help.
Get Your Free Consultation Today
Call Haselkorn & Thibaut at 1-888-628-5590
Visit us at investmentfraudlawyers.com
No Recovery, No Fee – We Only Get Paid When You Do
Time limits apply to investor claims, so taking prompt action protects your rights. Our experienced team is ready to review your situation and help you understand your options. Call 1-888-628-5590 today for your free, confidential consultation.
