INVESTORS: Former Pruco Securities broker Robert Leo Luley Jr. was named in multiple customer disputes alleging recommendation of unsuitable investments.
Robert Leo Luley Jr. (CRD: 4176139) was registered as a broker with Pruco Securities from 2020 until 2022. Previously, Luley was registered as a broker with Madison Avenue Securities from 2014 until 2018.
Luley has ten disclosures on his BrokerCheck report.
June 2022 Customer Dispute
Status: Pending
Allegations: Unsuitable recommendations of alternative investments.
Damage Amount Requested: $430,000.00
May 2022 Customer Dispute
Status: Pending
Allegations: Unsuitable recommendations of alternative investments.
Damage Amount Requested: $100,000.00
May 2022 Employment Separation After Allegations
Firm Name: Pruco Securities, LLC
Termination Type: Discharged
Allegations: Registered Representative failed to amend his U4 in a timely manner to disclose the closing of two client complaints initiated at his prior Broker Dealer, and he failed follow Company policy for moving his Registered Private Office to his home.
December 2021 Customer Dispute
Status: Settled
Allegations: Unsuitable recommendations of non-traded REIT.
Damage Amount Requested: $70,000.00
Settlement Amount: $35,000.00
October 2020 Customer Dispute
Status: Settled
Allegations: Unsuitable recommendations of alternative investments
Damage Amount Requested: $150,000.00
Settlement Amount: $66,180.93
October 2020 Customer Dispute
Status: Settled
Allegations: Unsuitable purchase of GPB Automotive
Damage Amount Requested: $100,000.00
Settlement Amount: $101,732.98
August 2020 Customer Dispute
Status: Settled
Allegations: Unsuitable recommendation re: GPB Automotive
Damage Amount Requested: $75,000.00
Settlement Amount: $59,015.67
July 2020 Customer Dispute
Status: Settled
Allegations: Claimants allege unsuitable recommendation of GPB in Jan 2018.
Damage Amount Requested: $70,000.00
Settlement Amount: $30,000.00
June 2020 Customer Dispute
Status: Settled
Allegations: Claimants allege failure to conduct Due Diligence on several points, unsuitable recommendation, over concentration, misrepresentations and omissions in violation of FINRA and SC regulations in the sale of alternative investments starting in 2014.
Damage Amount Requested: $250,000.00
Settlement Amount: $132,535.55
April 2020 Customer Dispute
Status: Settled
Allegations: Claimants allege failure to conduct Due Diligence on several points, unsuitable recommendation, over concentration, misrepresentations and omissions in violation of FINRA regulations in the sale of alternative investments. The client opened their accounts in 2014.
Settlement Amount: $170,000.00
The Sonn Law Group is currently investigating allegations surrounding Robert Leo Luley Jr.. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.
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