Investor Alleges Tom Liu’s Strategy Not in Their Best Interests

Tom Liu (CRD #: 6834194), a broker registered with Morgan Stanley, is the subject of an investor dispute, according to his BrokerCheck record, accessed on June 27, 2025. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On May 1, 2025, an investor alleged that Tom Liu recommended a strategy involving options trading and structured products that was not in the client’s best interests. The client alleged that this misconduct took place between December 2024 and April 2025.

They seek $640,000 in damages in this pending dispute.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Tom Liu has passed the following exams:

• General Securities Representative Examination – Series 7TO
• Securities Industry Essentials Examination – SIE
• Investment Company Products/Variable Contracts Representative Examination – Series 6
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

Tom Liu is a registered broker in 25 states and the Virgin Islands. He is also a registered investment adviser in California and Texas.

He has also worked for Wells Fargo Clearing Services (CRD#:19616).

Kurta Law Can Help

If you worked with Tom Liu 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 that 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.