Advisor Alert: Our Attorneys Are Investigating Pamela Lizanich For Investment Fraud
Did You Lose Money Because of Pamela Lizanich?
Filed: October 25, 2023
Pamela Jo Kramer (also known as Pamela Lizanich) currently has been the subject of one (1) termination event and five (5) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Pamela Jo Lizanich.
Who Is Pamela Jo Lizanich?
- Advisor Name: Pamela Jo Lizanich
- Aliases: Pamela Jo Kramer
- CRD: 5742762
- Location: Frisco, Texas
- Current Employer: Currently Not Registered
- Previous Firms: NYLIFE Securities LLC, IFS Securities, and Voya Financial Advisors, Inc.
- Number of Known Customer Complaints: 5
- Number of Known Termination Events: 1
- Can Pamela Lizanich Be Sued: Yes, in Private Arbitration
- Can Pamela Lizanich’s Employers Be Sued For Failing to Supervise Her Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $5,000,000
- Highest Settlement: $5,050,000
If you have suffered investment losses by Pamela Lizanich, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a portfolio mismanagement lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Pamela Kramer For Broker Misconduct
As of this publication date, Pamela Lizanich has been the subject of 1 termination event and 5 customer disputes. Let’s review them below.
In August 2021, NYLIFE Securities LLC terminated Pamela Lizanich after a review raised a number of concerns regarding her business practices, including among other issues, potentially circumventing procedures by using another representative’s log-on credentials to access company systems and engaging in unapproved private securities transactions.
In July 2020, a FINRA arbitration was filed against or in reference to Pamela Lizanich by multiple customers of Voya Financial Advisors, Inc. alleging that Ms. Lizanich placed hundreds of thousands of dollars of claimants’ assets in multiple illiquid, risky, and speculative private placements. Per the customers, they lost over $50,000 due to Ms. Lizanich’s actions. On February 4, 2021, Ms. Lizanich settled the claim for $152,500 and some or all of this amount may have been paid by Ms. Lizanich’s employer and/or insurance carrier.
In July 2020, a FINRA arbitration was filed against or in reference to Pamela Lizanich by multiple customers of Voya Financial Advisors, Inc. alleging that Ms. Lizanich recommended risky, unsuitable, illiquid alternative investments to clients. Per the customers, they lost over $5,000,000 due to Ms. Lizanich’s actions. On September 29, 2021, Ms. Lizanich settled the claim for $5,050,000 and some or all of this amount may have been paid by Ms. Lizanich’s employer and/or insurance carrier.
In July 2020, a FINRA arbitration was filed against or in reference to Pamela Lizanich by multiple customers of Voya Financial Advisors, Inc. alleging that Ms. Lizanich recommended risky, unsuitable, illiquid alternative investments to clients. Per the customers, they lost over $5,000,000 due to Ms. Lizanich’s actions. On August 4, 2021, Ms. Lizanich settled the claim for $3,500,000 and some or all of this amount may have been paid by Ms. Lizanich’s employer and/or insurance carrier.
In November 2019, a FINRA arbitration was filed against or in reference to Pamela Lizanich by customers of Voya Financial Advisors, Inc. and Capital Investment Group Inc. alleging that Ms. Lizanich recommended various alternative, illiquid, and unsuitable securities. Per the customers, they lost over $100,000 due to Ms. Lizanich’s actions. On October 14, 2020, Ms. Lizanich settled the claim for $80,000 and some or all of this amount may have been paid by Ms. Lizanich’s employer and/or insurance carrier.
In November 2019, a FINRA arbitration was filed against or in reference to Pamela Lizanich by customers of Voya Financial Advisors, Inc. and Capital Investment Group Inc. alleging that Ms. Lizanich recommended unsuitable and illiquid securities. Per the customers, they lost over $100,000.01 due to Ms. Lizanich’s actions. On June 30, 2020, Ms. Lizanich settled the claim for $300,000 and some or all of this amount may have been paid by Ms. Lizanich’s employer and/or insurance carrier.
In November 2019, a FINRA arbitration was filed against or in reference to Pamela Lizanich by customers of Voya Financial Advisors, Inc. and Capital Investment Group Inc. alleging that Ms. Lizanich recommended unsuitable and illiquid securities. Per the customers, they lost over $100,000.01 due to Ms. Lizanich’s actions. On October 5, 2020, Ms. Lizanich settled the claim for $80,000 and some or all of this amount may have been paid by Ms. Lizanich’s employer and/or insurance carrier.
In October 2019, a FINRA arbitration was filed against or in reference to Pamela Lizanich by customers of Voya Financial Advisors, Inc. alleging that Ms. Lizanich recommended alternative, illiquid, and unsuitable securities. Per the customers, they lost over $100,000 due to Ms. Lizanich’s actions. On October 5, 2020, Ms. Lizanich settled the claim for $575,000 and some or all of this amount may have been paid by Ms. Lizanich’s employer and/or insurance carrier.
How To File A Claim Against Pamela Lizanich (previously with NYLIFE Securities LLC, IFS Securities, and Voya Financial Advisors, Inc.) To Get Your Money Back.
If you have questions about Pamela Kramer, NYLIFE Securities LLC, IFS Securities, Voya Financial Advisors, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.