A former representative with NYLife Securities who was fired for violating company policy has now been barred by the Financial Industry Regulatory Authority, ThinkAdvisor reported.
FINRA imposed the bar on Gerald J. Page, who was an investment company and variable contracts products representative with NYLife Securities from Sept. 21, 2022, until this past July.
NYLife filed a Uniform Termination Notice for Securities Industry Registration (Form U5) stating it had terminated Page following an internal investigation that revealed multiple violations of company policy..
Page’s BrokerCheck record details the violations, which included submission of several unfunded annuity applications; failure to disclose outside business activities and an outside brokerage account; and failure to fully cooperate with company requests during the investigation.
In connection with its own investigation into Page’s potential involvement in undisclosed outside business activities, FINRA sent Page a request pursuant to Rule 8210 for the production of information and documents.
“Page did not respond to that request and, on July 27, 2026, FINRA sent a second Rule 8210 request to Page for production of the same information and documents,” FINRA stated in its settlement letter. “As stated by Page in a telephone conversation with FINRA on August 19, 2026, and by this agreement, Page acknowledges that he received FINRA’s requests and will not produce the information and documents requested.”
Page was found to have violated Rule 8210, which states in part that FINRA may require a person subject to its jurisdiction “to provide information orally, in writing, or electronically … with respect to any matter involved in [a FINRA] investigation.” FINRA Rule 8210(c) further states that no person “shall fail to provide information … pursuant to this Rule.”
A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires members to observe high standards of commercial honor and just and equitable principles of trade.
Page consented to FINRA’s findings without admitting or denying them. He is now barred from associating with any FINRA member in all capacities
The matter originated from a regulatory tip.
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