Soreide Law Group is investigating possible investor claims against securities broker Rob Luley (also known as Robert Leo Luley Jr.) (CRD: 4176139, Clover, SC). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Madison Avenue Securities LLC. Evidently, one or more investors alleged that Luley made unsuitable recommendations. Here is a brief summary of the disclosures about Luley.
Notably, a client of Madison Avenue Securities LLC contested Rob Luley’s sales practices by filing FINRA Arbitration: 21-02508. Allegedly, Luley made unsuitable recommendations. Supposedly, Luley caused the client to sustain damages by investing in non-traded REITs. Therefore, Madison Avenue Securities LLC opted to settle the matter on April 12, 2022, by compensating the client in the amount of $35,000.
Also, on March 11, 2022, a Madison Avenue Securities LLC client filed FINRA Arbitration: 22-00506 about Rob Luley. Namely, the client alleged unsuitable transactions. Because of this, the client allegedly sustained damages by investing in alternative investments. Therefore, the client requested $100,000 in compensation from Madison Avenue Securities LLC or Luley. Evidently, this arbitration is pending a resolution.
Additionally, Pruco Securities LLC disaffiliated with Luley on March 4, 2022. Allegedly, Luley failed to report client complaints.
Evidently, a client of Madison Avenue Securities LLC contested Rob Luley’s sales practices by filing FINRA Arbitration: 20-02215. Allegedly, Luley made unsuitable recommendations. Supposedly, Luley caused the client to sustain damages by investing in GPB products. Therefore, Madison Avenue Securities LLC opted to settle the matter on July 19, 2021, by compensating the client in the amount of $30,000.
Also, a Madison Avenue Securities LLC client filed a complaint about Rob Luley. Namely, the client alleged unsuitable transactions. Because of this, the client allegedly sustained damages by investing in alternative investments. Therefore, on November 25, 2020, Madison Avenue Securities LLC settled this matter by paying the client $66,180.93 in damages.
Evidently, a Madison Avenue Securities LLC client filed FINRA Arbitration: 20-02524 about Rob Luley. Namely, the client alleged that Luley made unsuitable recommendations. Because of this, the client allegedly sustained damages by investing in GPB Automotive. Therefore, on November 25, 2020, Madison Avenue Securities LLC settled this matter by paying the client $59,015.67 in damages.
Moreover, a client of Madison Avenue Securities LLC contested Rob Luley’s sales practices by filing FINRA Arbitration: 20-03448. Supposedly, Luley caused the client to sustain damages by investing in GPB Automotive. Therefore, Madison Avenue Securities LLC opted to settle the matter on November 25, 2020, by compensating the client in the amount of $101,732.98.
Did you experience damages because of Rob Luley? You can get in touch with Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in the United States, is ready to review your situation and explain your legal options. Also, the firm represents clients on a contingency fee basis and advances all costs. Luley and brokerage firms Luley worked for deny any and all allegations of sales practice violations.
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