Robert Li Investigation
June 2023-Naperville, IL
According to publicly available records Robert Li an LPL Financial broker, disclose pending customer disputes alleging unsuitable use of margin borrowing as a trading strategy.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In FINRA case #22-02910, an LPL Financial customer alleges that Li recommended an investment strategy involving REITs, and buying certain equities on margin which were not suitable for the customer’s investment objectives and risk tolerance. Time period: December 2008 to January 2023. Alleged damages are $200,000 and the case is currently pending.
In FINRA case #22-02909, an LPL Financial customer alleges that Li recommended an investment strategy involving buying equities on margin which was no suitable for the customer’s investment objectives and risk tolerance and is seeking damages of $75,000.
Li has been employed by LPL Financial since 8/2003. Li discloses business associations with RL Wealth Management Group.
If you have suffered losses in an account handled by Robert Li contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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