Rob Luley, Jr. (CRD#: 4176139), a registered representative with Pruco Securities LLC (CRD#: 5685) and a Registered Investment Adviser (RIA) with Prudential Financial Planning Services (CRD#: 5685) is currently involved in two investor disputes, according to his BrokerCheck record accessed on July 16, 2020. What happened to lead to these disputes? Read on to learn more.
On April 22, 2020, customers filed an investor dispute against Rob Luley, Jr., alleging that he failed to conduct due diligence and made unsuitable investment recommendations in connection with the sale of alternative investments starting in 2014. The clients further allege that this broker over-concentrated their portfolio, made misrepresentations and omissions, and violated FINRA regulations. The matter is pending.
On June 11, 2020, more customers filed an investor dispute against Rob Luley, Jr. over alternative investments. They are alleging that he failed to conduct due diligence and made unsuitable investment recommendations in connection with the sale of alternative investments starting in 2014. These customers further allege that their broker over-concentrated their portfolio and made misrepresentations and omissions. The clients further allege that Rob Luley, Jr. violated FINRA rules and South Carolina securities regulations. The clients are seeking $250,000 in damages. The dispute is pending.
Rob Luley, Jr. has passed Series 65 – Uniform Investment Adviser Law Examination, the Series 63 – Uniform Securities Agent State Law Examination, the SIE – Securities Industry Essentials Examination, the Series 7 – General Securities Representative Examination, and the Series 6 – Investment Company Products/Variable Contracts Representative Examination. He is a registered representative and Registered Investment Adviser in South Carolina. He is also licensed to sell securities in South Carolina.
Rob Luley, Jr. has worked in the securities industry for nearly 20 years. Over his 18-year career in the securities industry, he has worked for eight firms. In addition to Pruco Securities LLC (CRD#: 5685), he has also worked for:
- ‘Madison Avenue Securities LLC (CRD#: 23224)
- Allstate Financial Advisors LLC (CRD#: 109524)
- Allstate Financial Services LLC (CRD#: 18272)
- Park Avenue Securities LLC (CRD#: 46173)
- NFP Securities, Inc. (CRD#: 42046)
- Securities America, Inc. (CRD#: 10205)
- PFS Investments, Inc. (CRD#: 10111)
If Rob Luley, Jr. was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta to learn more about your options for investment loss recovery. Call (877) 238-4175 or email email@example.com for your free case consultation with a securities attorney.