Barred Stockbroker is Accused of Running Ponzi Scam That Defrauded Elderly Investors
Felix S. Chu, a former NYLIFE Securities registered representative, is currently facing at least two customer disputes in which the claimants are seeking $5,230,000 in damages. Chu was barred by the Financial Industry Regulatory Authority (FINRA) last year. He has been accused of running a Ponzi scam involving promissory notes that defrauded investors, including seniors.
Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) is investigating claims of losses by former investors of ex-NYLIFE Securities financial advisor, Felix Chu. If you are one of these investors, call (800) 259-9010 today.
The post Senior Customer of Ex-NYLIFE Securities Broker Felix Chu Seeks Over $5M in Ponzi Scam Losses appeared first on Investor Lawyers Blog.
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