Pruco Securities Advisor Robert Luley Suspended by FINRA

CHARLOTTE, NORTH CAROLINA

Robert Luley also known as Rob Leo Luley, has been indefinitely suspended by FINRA, as of August 2023.  He previously worked with Pruco Securities and Madison Avenue Securities, and failed to respond to a FINRA investigation.  See his BrokerCheck Report attached below.  This ultimately led to his suspension.

FINRA does not list the reasons as to why it was investigating Rob Leo Luley.  However, BrokerCheck reveals that he has been the subject of nine customer complaints, all of which have been made sine 2020.  He was also terminated by Pruco Securities in March 2022.  Many of the complaints involved sales of alternative investments and private placements.

Robert Luley worked in Charlotte, North Carolina.  He was licensed with Pruco Securities and Prudential Insurance from May 2020 to March 2022, and with Madison Avenue Securities from June 2014 to November 2018.  He operated Leo Financial Group in Charlotte, NC.

Stockbrokers must respond to FINRA’s investigation or face punishment under FINRA Rule 8210.  If Luley continues to refuse to cooperate with FINRA’s investigation, he likely will be barred from the securities industry.

BROKERCHECK REPORT CAN BE FOUND HERE.

If you lost money with Robert Luley or Pruco Securities, please Contact Us at (206) 795-5798 for a free evaluation of your case.