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Frisco Broker Pamela Lizanich: $1.6 Million Complaint

Financial Industry Regulatory Authority (FINRA) records show that NYLife Securities broker Pamela Lizanich (CRD# 5742762) has received multiple settled or pending investor complaints in recent years, including one that alleges damages of $5 million. Lizanich is currently based in Frisco, Texas.

Pamela Lizanich’s BrokerCheck report lists a total of five investor complaints against her: three settled complaints and two pending.

The most recent investor complaint was filed in July 2020. It alleges that as a representative of Voya Financial Advisors, Pamela Lizanich recommended unsuitable illiquid private placements. The pending complaint alleges damages of $5 million.

A second complaint filed in July 2020 alleges that as a representative of Voya Financial Advisors, Pamela Lizanich recommended unsuitable “alternative, illiquid, complex” investments in real estate and unit investment trust products. The pending complaint alleges damages of $5 million.

A third complaint filed in July 2020 alleged that as a representative of Voya Financial Advisors, Pamela Lizanich placed “hundreds of thousands of dollars” of assets in “multiple illiquid, risky, and speculative private placements.” In February 2021 the complaint reached a settlement of $152,500.

A complaint filed in 2019 alleged that as a representative of Voya Financial Advisors and Capital Investment Group, she recommended unsuitable alternative investments. In 2020 the complaint reached a settlement of $80,000.

Another complaint filed in 2019 alleged that as a representative of Voya Financial Advisors, she recommended unsuitable and illiquid investments in real estate products. In 2020 the complaint reached a settlement of $575,000.

Pamela Lizanich has been registered as a broker with NYLife Securities in Frisco, Texas since August 2018. She was previously registered with IFS Securities in Atlanta, Georgia; Voya Financial Advisors in Greenville, South Carolina; Capital Investment Group in Greer, South Carolina; and Brookstone Securities in Greer, South Carolina. She has passed three securities industry qualifying examinations: the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. Her BrokerCheck report lists three state securities licenses. (Information current as of July 13, 2021.)

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