Arvind Saxena: Why Did NYLife Fire US Capital Advisor?

San Francisco, California financial advisor Arvind Saxena (CRD# 7270550) was recently terminated from a former member firm in connection with alleged rule violations. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former NYLife Securities broker is currently registered as an investment advisor with US Capital Global Wealth.

Mr. Saxena’s BrokerCheck report discloses his termination from NYLife Securities. Filed in January 2026, the disclosure states that the firm fired him “after an internal investigation found he violated Company policy by, among other things, continuing to participate in a prohibited outside business activity by referring businesses to a commercial lender without Company approval, despite being directed to discontinue.” It adds that “No securities products or securities clients were involved.”

Investors should be aware that FINRA Rule 3270 stipulates that advisors like Mr. Saxena may not engage in unapproved outside business activities. “No registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm,” the rule states specifically, “unless he or she has provided prior written notice to the member, in such form as specified by the member.” Brokers who participate in unapproved outside business activities may be subject to disciplinary action from regulators or their member firms.

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Arvind Saxena holds three years of securities industry experience. Based in San Francisco, California, he has been registered as an investment advisor with US Capital Global Wealth since February 2026. His past registrations include Eagle Strategies and NYLife Securities. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; and the General Securities Representative Examination, or Series 7TOs. He is licensed in California. (Information current as of March 1, 2026.)

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