Steve Lu – Financial Advisor/Broker Steve Lu Barred from Securities Industry

Steve Lu – Financial Advisor/Broker Steve Lu Barred from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses

Steve Lu CRD #6856088

According to Steve Lu’s BrokerCheck Report:

Steve Lu was a previously licensed financial advisor/broker with J.P. Morgan Securities LLC.

According to FINRA:

Steve Lu consented to the sanction and to the entry of findings that after meeting an elderly retiree living alone and exhibiting signs of dementia, he entered into a power of attorney with her naming him as attorney-in-fact with broad powers over her financial affairs and to appoint him as co-trustee over her assets, in violation of his member firm’s WSPs. The findings stated that in the trust agreement, Steve Lu was also named as the beneficiary of 75 percent of the individual’s estate. Steve Lu also made multiple attempts to open an account for the individual’s trust at a bank that was affiliated with his firm and that he was also employed by. Steve Lu repeatedly lied to the firm and bank personnel about his relationship with the woman by falsely claiming that she was a close family friend. The investigations group at the firm reported the matter to state government authorities, who subsequently appointed a guardian for the woman and brought legal action to revoke the power of attorney and trust agreement.

Goodman & Nekvasil P.A. May Recover Investor Losses

If you lost money on investments with Steve Lu and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Steve Lu’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Steve Lu and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.

Some of the information in this blog post was obtained on 4/22/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.

Steve Lu, Financial Advisor, Broker, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, SEC, Financial Advisor, Broker, Steve Lu

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