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Gibson Li Resigns from NYLIFE Securities Following Allegations of Client Impersonation

Gibson Li (CRD #: 6709073), a broker formerly registered with NYLIFE Securities, recently resigned from that firm, according to his BrokerCheck record, accessed on May 11, 2023. Keep reading to learn more about his alleged conduct as a broker.

Resignation from NYLIFE Securities

On March 10, 2023, Gibson Li resigned from NYLIFE Securities while under review for allegations that he impersonated three clients on life insurance application calls with underwriting personnel.

A fraud report was also filed with the California Department of Insurance with regard to these allegations.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Impersonating customers violates this rule. 

Background Information

Gibson Li has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 6TO – Investment Company Products/Variable Contracts Representative Examination
  • SIE – Securities Industry Essentials Examination

He has also worked for NYLIFE Securities (CRD#:5167).

Kurta Law Can Help

If you worked with Gibson Li and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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