George Ly (CRD #: 4630985), a broker registered with LPL Financial, is facing allegations of elder abuse, according to his BrokerCheck record, accessed on December 10, 2020. There is another client dispute on Mr. Ly’s record, the details of which are detailed below.

On October 29, 2020, clients alleged that George Ly recommended alternative investments that were not suitable for his elderly clients. The clients are seeking $600,000.

On August 23, 2019, a client alleged that George Ly misrepresented certain securities. The client is seeking $5,000; the dispute is pending.

George Ly has passed the Series 65 Uniform Investment Adviser Examination, the Series 63 Uniform Securities Agent State Law Examination, Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination. He is a registered broker and investment adviser California.

George Ly has worked in the securities industry for 17 years. He has worked for the following five firms:

  • LPL Financial (CRD #: 6413)
  • Cetera Investment Services (CRD #: 15340)
  • Cetera Investment Advisers (CRD #: 105644)
  • Uvest Financial Services (CRD #: 13787)
  • WM Financial Services (CRD #: 599)

If George Ly was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email for a free case consultation with a securities attorney.

Leave a Comment