Timothy and Rose Yee—Private Securities Transactions without Proper Written Notice

New York investor rights attorneyTimothy and Rose Yee Allegedly Engaged in Private Securities Transactions by Purchasing Securities in Two Privately-held without Proper Written Notice

Timothy and Rose Yee allegedly participated in private securities transactions by purchasing securities in two privately-held companies using personal funds which totaled $62,500, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

What is more, Timothy and Rose Yee allegedly participated in said transactions without providing written notice their broker-dealer, LPL Financial LLC, or obtaining the firm’s approval, the AWC notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Timothy and Rose Yee’s alleged sale of private securities transactions without the approval of LPL Financial.

Timothy and Rose Yee Allegedly Solicited Three Customers to Invest in Companies without First Properly Providing Prior Notice to LPL; Suspended and Fined $7,500 and $5,000, Respectively

Timothy and Rose Yee allegedly, between October 2014 and February 2015, and while associated with LPL Financial LLP, allegedly solicited three customers to invest in one of the aforementioned  companies, known only as GAA, without providing written notice to LPL or obtaining its approval, according to a recent FINRA AWC currently under review by attorneys Alan Rosca and Joe Peiffer.

In addition, during October 2014, Yee invested $25,000 in another company, and these transactions were outside the regular course and scope of’ Yee’s employment with LPL, the AWC notes. As a result, Yee violated NASD and FINRA Rules, Rule 3040 and FINRA Rule 2010.

One should also note that, according to the AWC, Timothy and Rose Yee neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged failure to provide proper written notice to their broker-dealer. They are currently investigating Timothy and Rose Yee’s alleged failure to provide proper written notice to their broker-dealer. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Timothy and Rose Yee’s alleged failure to provide proper written notice to their broker-dealer may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1234 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.