Roderick Roxas Uy (CRD #4945992) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Roderick Roxas Uy (CRD #4945992) is a broker with a customer dispute on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 27, 2026. It reflects one pending customer dispute. If you invested with Roderick Uy and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Roderick Uy’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On February 26, 2026, customers made allegations about Roderick Uy. They claimed he made misrepresentations about unnecessary and improper trades from 2016 to 2025. Roderick Uy’s FINRA BrokerCheck Report lists the product type as miscellaneous and reports alleged damages of $750,000. The matter is pending in Los Angeles County Superior Court, and the case number is 26STCV05309. Roderick Uy’s FINRA BrokerCheck Report says litigation is pending. Roderick Uy’s statement denies the allegations. It says the claimant was a long-time customer who expressed satisfaction with his services and investment performance.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a broker to have a reasonable basis to believe a recommendation fits the customer. The review includes the customer’s investment profile. It can also include whether a series of trades was excessive.

Rule Summary #2: FINRA Rule 2020 (Use of Manipulative, Deceptive or Other Fraudulent Devices)

FINRA Rule 2020 bars manipulative, deceptive, or fraudulent devices in securities transactions. It may apply when a dispute includes claims of misrepresentations tied to trading.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Roderick Uy:

Is currently registered with LPL Financial LLC.

Has passed the Securities Industry Essentials (SIE) exam. Roderick Uy has passed Series 6. He has also passed Series 65 and Series 63.

Was previously registered with firms that include Summit Financial Group Inc and Summit Brokerage Services, Inc. He was also registered with LPL Financial Corporation and National Planning Corporation.

Kurta Law Can Help

If you have worked with Roderick Uy and have concerns about his activity, Kurta Law may be able to help. The firm can help you evaluate possible legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: What Qualifies as a Securities Fraud Case? | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. An attorney can review the facts. That review can help explain possible next steps.