Can I recover losses from investments with LPL Financial LLC broker Robert Li (CRD# 4068255)? He has been registered with LPL Financial LLC in Naperville, Illinois, since 2003.
Robert Li Customer Complaints
He has been the subject of three customer complaints between 2002 and 2023, one of which was closed without action, according to his CRD report:
January 2023. “Customer alleges that representative 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.” The customer is seeking $200,000 in damages and the case is currently pending. The complaint was related to common and preferred stocks and real estate security losses, and it took place while he was registered with LPL Financial LLC.
January 2023. “Customer alleges that representative recommended an investment strategy involving buying certain equities on margin which was not suitable for the customer’s investment objectives and risk tolerance. Time period: November 2020 to January 2023.” The customer is seeking $75,000 in damages, and the case is currently pending. The complaint was related to common and preferred stocks, and it took place while he was registered with LPL Financial LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, LPL Financial LLC may be liable for investment or other losses suffered by Robert Li’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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