Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker George Ly (Ly), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ly recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $600,000.00 on October 28, 2020.
Plaintiffs allege that certain alternative investments they purchased at a different broker-dealer approximately 7 years ago were unsuitable because they were allegedly not federally insured or low risk, as allegedly represented to plaintiffs. Plaintiffs contend that these allegations also constitute elder abuse. Activity period: 12/2013-9/2020.