George Kuruvilla: $1mm Complaint Against LifeMark Advisor

Yonkers financial advisor George Kuruvilla (CRD# 1000316) recently received an investor complaint alleging his investment advice resulted in losses. Records provided by the Financial Industry Regulatory Authority show that he is a broker with LifeMark Securities Corporation and an investment advisor with Virtue Capital Management.

Mr. Kuruvilla’s BrokerCheck report discloses one investor complaint. Filed in August 2023, it alleges that as a representative of Center Street Securities, he recommended an unsuitable alternative investment. The pending complaint alleges damages of $1.05 million.

Two other disclosures on his BrokerCheck report concern administrative actions against him. In 2011 the New York Insurance Department sanctioned him in connection with allegations he sold products in New York when his firm was not licensed in the state, fining him $4,200. In 2013, the Massachusetts Division of Insurance sanctioned him in connection with allegations he failed to report this action on his insurance license renewal application in the state, fining him $500. In 2014, the State of Delaware Insurance Department similarly sanctioned him in connection with allegations he failed to report the action, fining him $250.

According to the Financial Industry Regulatory Authority, George Kuruvilla holds 40 years of securities industry experience. Based in Yonkers, New York, he has been a broker with LifeMark Securities and an investment advisor with Virtue Capital Management since 2020. His past registrations include Center Street Securities (Yonkers, New York; 2014-2020 and 2010-2014), Brookstone Capital Management (Yonkers, New York; 2010-2015), Northwestern Mutual Investment Services (White Plains, New York; 1982-2009), and Robert W. Baird & Company (Milwaukee, Wisconsin; 1985-2002). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Connecticut, Massachusetts, New Jersey, and New York. (Information current as of September 17, 2023.)

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