Rod Uy: $750K Complaint Against LifePoint Advisor

Torrance, California financial advisor Rod Uy (CRD# 4945992) allegedly made misrepresentations of material facts, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with LPL Financial, doing business as LifePoint Wealth Management.

Mr. Uy’s BrokerCheck report discloses one investor complaint. Filed in February 2026, it alleges that as a representative of LPL Financial, he made misrepresentations of material facts in connection with “unnecessary and improper trades.” The pending complaint alleges damages of $750,000.

In a statement included with the complaint’s disclosure, Mr. Uy defended himself against the allegations. “Claimant was a long-time customer who expressed satisfaction with the services I provided and the performance of his investments,” he wrote. “Therefore, I deny the allegations and look forward to defending this case vigorously.”

For reference, FINRA rules prohibit brokers like Mr. Uy from misrepresenting material facts concerning the investments or investment strategies they recommend to their claimants. FINRA Rule 2020 specifically stipulates that no broker shall “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” Securities industry rules and standards prohibit both fraudulent misrepresentation, or intentional provision of misleading information, as well as negligent misrepresentation, or the careless provision of misleading information. Investors who suffer losses on investments that they made as the result of misrepresentations may be able to bring a claim against their broker.

According to the Financial Industry Regulatory Authority, Rod Uy holds 20 years of securities industry experience. Based in Torrance, California, he has been registered as a broker and an investment advisor with LPL Financial since 2011, doing business as LifePoint Wealth Management. His past registrations include Summit Financial Group, Summit Brokerage Services, LPL Financial Corporation, and National Planning Corporation. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is licensed in Arizona, California, Delaware, Florida, Idaho, Illinois, Nevada, New Mexico, New York, South Carolina, Texas, West Virginia, and Wyoming. (Information current as of April 7, 2026.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.