Last Updated: July 2025 – Irvine, CA
Here’s what you need to know about Irvine, CA, stockbroker Tom Liu:
- Name: Yilun Liu
- CRD Number:6834194
- Current Employer: Morgan Stanley
- Function: Stockbroker / Financial Advisor
- Alias: Tom Liu
- Primary Location: Irvine, CA
- Prior Employer: Wells Fargo Clearing Services, LLC (2017–2022)
- Can Yilun Liu be sued in FINRA arbitration? Yes
- Pending Customer Dispute Seeks Damages of:$640,000
If you’ve sustained damages from Mr. Liu, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Tom Liu As Your Stockbroker?
Yilun Liu is the subject of a pending FINRA arbitration (Case No. 25-00872) filed in April 2025, by a customer of Morgan Stanley Smith Barney. The client alleges that between December 2024 and April 2025, Mr. Liu recommended an options trading strategy and structured product investments that were not in the client’s best interests.The damages being sought total $640,000.
This claim raises questions about potential violations of Regulation Best Interest (Reg BI) and FINRA Rule 2111 (Suitability Rule). These rules require that financial advisors recommend strategies that align with a client’s investment goals, risk tolerance, and financial situation.
FINRA Rule 2111- suitability -Regulation Best Interest
Allegations of Broker Misconduct Against Tom Liu
- Unsuitable recommendation of options trading
- Improper use of structured products that failed to serve the client’s best interests
- Structured Products: Sometimes referred to as market-linked investments, Structured Products are pre-packaged investments whose performance is linked to an underlying asset, product or index. ( a single security, basket of securities, options, indicies, commodities, debt issuance, foreign currencies or derivatives). See this for FINRA’s Investor Insights “Understanding Structured Notes with Principal Protection”
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Other Morgan Stanley Brokers
If you have suffered investment losses in an account handled by Yilun “Tom” Liu, 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.