Our firm is investigating FR Trading LLC broker Parker Lloyd Lim (CRD# 5843579) of New York, New York in connection with a customer dispute that evolved into a pending FINRA arbitration.
According to his FINRA BrokerCheck report, Lim has been registered with FR Trading LLC since July 2024. His record reflects one customer dispute disclosure.
Financial Advisor’s Career History
According to his FINRA BrokerCheck report, Parker L. Lim has been registered with the following securities firms:
- FR Trading LLC — 07/2024 to Present
- XTX Execution Services LLC — 12/2020 to 10/2023
- XTX Markets LLC — 09/2019 to 10/2023
- Cboe Trading, Inc. — 04/2017 to 09/2019
FINRA reports that Lim currently works for FR Trading as Head of Special Projects. His prior employment includes business development at XTX Markets and product-strategy roles associated with Cboe Global Markets, Cboe Trading, and Bats Global Markets.
Parker Lloyd Lim Allegations and Investor Complaint Explained
FINRA BrokerCheck reflects one disclosure involving Parker L. Lim concerning an alleged structured note or promissory note transaction.
According to the firm-reported disclosure, the complainant was not a customer of XTX Markets LLC but alleges that Lim, then a former registered representative of XTX, solicited the complainant to invest in a “structured note” that was not offered through XTX.
The complainant further alleges that Lim communicated about the investment through personal messages and texts and failed to honor the repayment terms of the note. The complaint alleged $21,000 in damages.
Pending FINRA Arbitration: Alleged Structured Note Solicitation and Failure to Repay
The BrokerCheck report states that the customer complaint later evolved into FINRA arbitration, with Lim named as a party.
According to the disclosure:
- Former firm: XTX Markets LLC
- Allegation: Solicitation of an investment in a “structured note” not offered through XTX
- Communications alleged: Personal messages and/or text messages
- Additional allegation: Repayment terms of the note allegedly were not honored
- Product Type: Promissory Note
- Alleged Damages: $21,000
- Complaint Received: 06/29/2026
- Date Notice/Process Served: 07/27/2026
- Arbitration Forum: FINRA
- Docket/Case #: 26-01561
- Arbitration Pending: Yes
XTX Markets’ Reported Position
The BrokerCheck disclosure also reports XTX Markets’ position regarding the alleged activity.
According to the broker-reported narrative, XTX stated that it was not aware of the purported activities, that the activity was not something Lim was permitted to engage in through XTX, and that Lim allegedly did not provide notice to or seek approval from XTX for the activity.
These statements are part of the BrokerCheck disclosure and the underlying matter remains pending.
Disclosure Summary
- Customer Dispute / FINRA Arbitration — Pending
- Former firm: XTX Markets LLC
- Alleged investment: “Structured note”
- Product type: Promissory Note
- Alleged conduct: Solicitation of an investment not offered through XTX
- Communications: Allegedly conducted through personal messages and texts
- Additional allegation: Failure to honor repayment terms
- Alleged damages: $21,000
- Complaint received: June 29, 2026
- FINRA case #: 26-01561
- Arbitration status: Pending
- XTX position: Firm reportedly was unaware of and had not approved the alleged activity
Conclusion
Investors reviewing this disclosure should understand that the matter is pending and the allegations have not been proven or formally adjudicated.
FINRA cautions that pending disclosure events may involve contested or unresolved allegations and may ultimately be withdrawn, dismissed, resolved in favor of the broker, or otherwise concluded without a finding of wrongdoing.
Investors considering doing business with Parker Lloyd Lim may want to review his complete FINRA BrokerCheck report under CRD# 5843579 for the most current information regarding his registration and disclosure history.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
Investment activity conducted away from a broker’s firm can raise concerns when securities or investment products are allegedly offered without the firm’s knowledge or approval. Investors may also face risks when transactions are documented or communicated outside ordinary brokerage channels.
In Lim’s reported disclosure, the complainant alleges that Lim solicited an investment in a structured note that was not offered through XTX Markets, communicated through personal messages or texts, and failed to honor repayment terms. The claim seeks $21,000 in alleged damages and has evolved into a pending FINRA arbitration.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, unsuitable recommendations, unauthorized securities transactions, and other investment-related misconduct. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis.
Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.