Articles Tagged with jonathan lo

AdobeStock_49363801-1-300x200Did you suffer losses because of Jonathan Lo, a former broker at NYLife Securities? If so, the attorneys at Stoltmann Law Offices are interested in speaking with you about those losses. Mr. Lo allegedly participated in unspecified misconduct related to the purchase and share of A and B mutual fund shares on a relatively short-term basis, subject to either front-end sales charges or surrender charges. He also failed to appear for an on-the-record testimony with the Financial Industry Regulatory Authority (FINRA) and was barred from the industry because of this.
Mr. Lo was previously registered with Pruco Securities, Morgan Stanley, Merrill Lynch, Chase Investment Services, JP Morgan and NYLife Securities in New York, New York from November 2013 until August 2015. He has five customer disputes against him and has been barred from the industry. If you suffered losses with Jonathan Lo, you may be able to recover those losses in the FINRA arbitration forum on a contingency fee basis. Please call our Chicago-based law offices today at 312-332-4200 to find out how you may be able to recover your losses on a contingency fee basis. The call is free with no obligation.

AdobeStock_35532974-1-300x200Stoltmann Law Offices is investigating Jonathan Lo, a former broker with NYLife Securities, who was recently barred from the industry by the Financial Industry Regulatory Authority (FINRA). Lo was accused of engaging in mutual fund switching. Mutual fund switching is the process of transferring an investment from one fund to another, or the process of liquidating a position in exchange for other securities with better prospects for growth, yield or capital gains. This can result in unnecessary fees for the customer, and is against securities rules and regulations. Mr. Lo was permitted to resign from NYLife Securities because of these transgressions. Brokerage firms like NYLife have a responsibility to adequately supervise all representatives who are registered through the firm. They also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as firm policies. If they do not, they may be liable for investment losses customers may suffer.
According to his online FINRA BrokerCheck public record, Mr. Lo was previously registered with Pruco Securities, Morgan Stanley, Merrill Lynch, Chase Investment Services, JP Morgan and NYLife Securities in New York, New York from November 2013 until August 2015. He has five customer disputes against him and has been permanently barred from the industry. Please call our Chicago-based law offices today at 312-332-4200 if you suffered losses with Mr. Lo. We are securities attorneys who may be able to help you recover your losses in the FINRA arbitration forum. The call is free with no obligation.

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