Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lu Ling Li (Li), currently associated with Transamerica Financial Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Li 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 $54,500.00 on December 04, 2020.
Client alleged that rep misrepresented Jackson National variable annuity sold to him. Client also alleged that the VA was unsuitable. Client also alleged that rep executed excessive trades in his third party managed account.