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Jonathan Lo Has Five Customer Complaints

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Jonathan LoPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 12, 2017 indicate that former New York-based NYLife Securities broker/adviser Jonathan Lo has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Lo (CRD# 4838748).

Jonathan Lo has spent nine years in the securities industry and was most recently registered with NYLife Securities in New York, New York (2013-2015). Previous registrations include JP Morgan Securities in New York, New York; Chase Investment Services in New York, New York; Merrill Lynch in Bayside, New York; Morgan Stanley Smith Barney in Scranton, Pennsylvania; Morgan Stanley & Company in Scranton, Pennsylvania; Morgan Stanley DW in Scranton, Pennsylvania; and Pruco Securities in Newark, New Jersey. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one FINRA sanction and five customer complaints.

In May 2017 FINRA sanctioned him following allegations he “failed to appear for a FINRA on-the-record interview in connection with an investigation.” He was barred from acting as a broker or otherwise associating with firms that sell securities to the public.

In 2015 he was “permitted to resign” from his position at NYLife Securities “after a review of his business identified a pattern of unsuitable mutual fund switches.”

In 2015 a customer alleged Jonathan Lo, while employed at NYLife Securities, 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.” The firm agreed to credit the customer’s account more than $7,100 for the charges incurred.

In 2015 a customer alleged Jonathan Lo, while employed at NYLife Securities, engaged in unspecified misconduct connected 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.” The firm agreed to credit the customer’s account more than $32,000 for the charges incurred.

If you have lost money investing with Jonathan Lo, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.