DID LEI SHEN CAUSE YOU INVESTMENT LOSSES?
Lei Shen Of Realta Equities, Inc. Has 3 Customer Complaints For Alleged Broker Misconduct
About Lei Shen of Realta Equities, Inc.?
Lei Shen (CRD #5769894) is a broker currently registered with NI Advisors in Orange, California, since January 2020, and with Realta Equities, Inc. in San Diego, California, since July 2024. Shen’s registration history includes previous affiliations with several firms, such as Independent Financial Group, LLC, LPL Financial LLC, and Cetera Investment Services LLC. Throughout his career, which began around 2010, Shen has passed three general industry/product exams and one multi-state securities law exam. He is licensed in four U.S. states and territories. Shen’s professional journey reflects his extensive involvement and dynamic presence in various segments of the financial services industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Lei Shen Customer Complaints and Reviews
Lei Shen’s record includes three customer disputes:
- Customer Dispute 1 (Settled): Allegations were made against investments handled by Shen at Independent Financial Group, LLC, claiming they were unsuitable and not aligned with the client’s investment objectives. This dispute was settled for $850,000 in June 2024.
- Customer Dispute 2 (Settled): This dispute involved a claim of unsuitable REIT investments managed during Shen’s tenure at LPL Financial LLC. The case was settled for $275,000 in August 2022.
- Customer Dispute 3 (Settled): Another client at Cetera Investment Services LLC alleged being promised a 20% return within a year with guaranteed principal, which was settled for $15,000 in December 2015.
Allegations Against Lei Shen
- Settled Dispute 1 (Independent Financial Group, LLC):
- Allegations: Investments were not suitable based on the client’s objectives, were overconcentrated, and lacked a reasonable basis for recommendation.
- Outcome: Settled to avoid litigation, not admitting guilt but resolving the dispute monetarily.
- Settled Dispute 2 (LPL Financial LLC):
- Allegations: Investments in REITs were unsuitable for the client’s portfolio.
- Outcome: The case was withdrawn and subsequently settled, suggesting a resolution to avoid prolonged litigation.
- Settled Dispute 3 (Cetera Investment Services LLC):
- Allegations: False promises of a high return and principal guarantee.
- Outcome: Settled with the client acknowledging the misunderstandings regarding the investment terms through proper documentation and disclosures
Lei Shen Red Flags & Your Rights As An Investor
Of course, Lei Shen 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 Lei Shen at Realta Equities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Lei Shen has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Realta Equities, Inc. also raises questions about the brokerage firms’ 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 Realta Equities, Inc. Due To Lei Shen
If you have questions about Realta Equities, Inc. and/or Lei Shen 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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