DID FRED CHEN CAUSE YOU INVESTMENT LOSSES?
Fred Chen Of Emerson Equity LLC Has 4 Customer Complaints For Alleged Broker Misconduct
About Fred Chen of Emerson Equity LLC?
Fred Chen (CRD #5766069) located in Irvine, California, has over 10 years of experience in the securities industry and is currently registered with Emerson Equity LLC in Irvine, California as an investment adviser and registered broker since January 2020. Mr. Chen had previously worked at several firms, including Arque Capital, LPL Financial, and UnionBanc Investment Services. He holds licenses with one Self-Regulatory Organization (SRO) and is licensed in one U.S. state. During his career, he has passed three general industry/product exams and two multi-state securities law exams, including the Series 7 and Series 66 exams.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Fred Chen Customer Complaints and Reviews
Fred Chen has four customer disputes on record, one of which was settled while three remain pending. Below are the details of these incidents:
- Dispute 1 Received: December 1, 2022
- Complaint: Claims of negligence, unsuitable recommendations, misrepresentation, and breach of fiduciary duty involving corporate debt investments.
- Alleged Damages: $100,000
- Outcome: Settled on June 3, 2024, for $30,000, with Mr. Chen personally contributing $15,000.
- Dispute 2 Received: October 10, 2024
- Complaint: Breach of fiduciary duty, negligence, and overconcentration of investments involving corporate debt.
- Alleged Damages: Unspecified
- Status: Pending arbitration under FINRA Case #24-02152
- Dispute 3 Received: August 27, 2024
- Complaint: Breach of fiduciary duty, negligence, and misrepresentation related to corporate debt investments
- Alleged Damages: $600,000
- Status: Pending arbitration under FINRA Case #24-01843.
- Dispute 4 Received: August 20, 2024
- Complaint: Similar claims of negligence, breach of fiduciary duty, and unsuitable investment recommendations for corporate debt products.
- Alleged Damages: Unspecified
- Status: Pending arbitration under FINRA Case #24-01942.
Allegations Against Fred Chen
Fred Chen’s disclosure record highlights significant allegations of misconduct related to investment practices. Key issues include:
- Negligence and Unsuitable Recommendations: Multiple disputes allege Mr. Chen recommended corporate debt investments that were unsuitable for his clients, leading to financial losses. One case resulted in a settlement, while three remain unresolved.
- Breach of Fiduciary Duty: The pending complaints consistently accuse Mr. Chen of failing to act in his clients’ best interests, violating both FINRA rules and federal securities laws.
- Personal Contribution to Settlement: In the settled case, Mr. Chen personally contributed $15,000 to the resolution, indicating a degree of accountability or liability.
Fred Chen Red Flags & Your Rights As An Investor
Of course, Fred Chen did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Fred Chen at Emerson Equity LLC on alert to review carefully the activity and performance of their accounts and question whether Fred Chen has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Emerson Equity LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Emerson Equity LLC Due To Fred Chen
If you have questions about Emerson Equity LLC and/or Fred Chen and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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