Investor Alert > Broker Sinh Ly Allegedly Engaged in Breach of Fiduciary Relationship and Misrepresentation

Posted Jul 12, 2019

by Alan Rosca

Broker Sinh Ly Allegedly Engaged in Breach of Fiduciary Relationship and Misrepresentation

Sinh Ly Allegedly Acted in the Capacity as a Principal of the Broker-Dealer

Broker Sinh Thu Ly allegedly engaged in the practices of breach of fiduciary relationship and misrepresentation, according to Pending Civil Dispute on his FINRA Brokercheck Page under review by investor rights attorney Alan Rosca.

The aforementioned Dispute was filed on April 24, 2019, FINRA states, and a damage amount has not been specified, FINRA reports. Said Pending Civil Dispute was initiated by Trevor Moss & Trudy Moss, FINRA also notes.

Investor rights attorney Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to broker Sinh Ly’s alleged practices of breach of fiduciary relationship and misrepresentation. Investors who believe they may have lost money in activity related to Sinh Thu Ly’s alleged practices of breach of fiduciary relationship and misrepresentation are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

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Sinh Ly Allegedly Made Unsuitable Investment Recommendations

Ly allegedly made investment recommendations that were unsuitable, according to Pending Civil Dispute under review by attorney Alan Rosca.

Ly was reportedly named due to his capacity as a principal of the broker-dealer, FINRA notes.

The aforementioned Dispute was filed on June 8, 2018, FINRA states, and a damage amount has not been specified, FINRA reports. Said Pending Civil Dispute was initiated by The Estate of Jon L Bogue, and Vicki McCorkle, the executrix , FINRA also details.

Ly has been registered with Colorado Financial Service Corporation in Centennial, Colorado since February 1, 2019, FINRA states.

Broker Sinh Ly has also been registered with the following firms:

CIM Securities, LLC, Centennial, Colorado— June 14, 2005 to February 24, 2019
TIAA-CREF Individual & Institutional Services, Inc., New York, NY— October 15, 1998 to January 17, 2003

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.

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Securities Lawyer Investigating

The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating broker Sinh Thu Ly’s alleged practices of breach of fiduciary relationship and misrepresentation. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Sinh Ly’s alleged practices of breach of fiduciary relationship and misrepresentation may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.

DISCLAIMER

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

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