Last Updated: March 2025 – Fort Mill, SC
Here’s what you need to know about Fort Mill, SC, stockbroker Luke Ellis:
- Name: Mr. Luke Ellis
- Current Employer: LPL Financial LLC
- Prior Employer: Equitable Advisors, LLC
- Function: Stockbroker / Financial Advisor
- Primary Location: Fort Mill, SC
- CRD#: 7253159
- Aliases: Luke Ellis
- Can Luke Ellis be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Regulatory Event: 1 reported
If you’ve sustained damages from Mr. Ellis, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Luke Ellis As Your Stockbroker?
Luke Ellis was sanctioned by the State of North Carolina Department of the Secretary of State Securities Divisionfor conducting business as a federally covered investment adviser representative without proper registration from November 2021 through February 2024.
- Regulatory Case Number: 24SEC140
- Date of Action: January 8, 2025
- Sanctions Ordered:
- Cease and Desist Order
- $2,500 fine (paid on December 19, 2024)
Ellis entered into a Consent Order acknowledging the violation without admitting or denying the findings. LPL Financial, on his behalf, paid the fine and registration fees to North Carolina regulators due to an administrative oversight in filing registration paperwork.
Allegations of Broker Misconduct Against Luke Ellis
The following misconduct and regulatory issues have been reported involving Luke Ellis:
- Failure to Register as an Investment Adviser Representative: Ellis conducted business as a federally covered investment adviser representative in North Carolina from November 2021 to February 2024 without being properly registered, in violation of N.C.G.S. 78C-16(a1).
- Cease and Desist Order: The North Carolina Department of the Secretary of State Securities Division ordered Ellis to cease all unregistered advisory activities in the state.
Under FINRA Rule 2010, which mandates high standards of commercial honor and just and equitable principles of trade, failure to properly register could be considered a violation.
Recover Your Investment Losses Now With Rex Securities Law
LPL Financial Lawsuits, Arbitrations and Customer Complaints and Disputes
If you have suffered investment losses in an account handled by Luke Ellis, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.