DID LUONG PHAM CAUSE YOU INVESTMENT LOSSES?
Luong Pham Formerly With Cetera Advisors LLC Has 3 Customer Complaints For Alleged Broker Misconduct
About Luong Pham formerly with Cetera Advisors LLC?
Luong Pham (CRD #2830422) has a varied history in the financial services industry, although he is not currently registered. Over his career, he has passed 4 general industry/product exams and 2 multi-state securities law exams. He has been affiliated with multiple firms, including Wells Fargo Clearing Services, UBS Financial Services, and Cetera Advisors LLC, indicating a broad experience in different financial environments. Pham has worked across several states, contributing to his diverse professional background.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Luong Pham Customer Complaints and Reviews
Luong Pham’s professional record includes several disclosures:
- Customer Disputes (3 reported):
- A complaint was settled with Cetera Advisors LLC where the client alleged unsuitable investments leading to losses, settled for $25,000 in May 2024.
- Two complaints were closed with no action: one involving unauthorized transactions at Wells Fargo Advisors and another regarding unauthorized account changes at Edward Jones.
- Termination (1 incident):
- Pham was discharged from FSIC in December 2017 after it was found he had taken client information from a previous employer without authorization, intending to use it in violation of the Protocol for Broker Recruiting and SEC’s Regulation S-P.
Allegations Against Luong Pham
- Customer Complaints:
- Claims of recommending unsuitable investments that resulted in financial losses.
- Allegations of executing transactions without client authorization.
- Accusations of liquidating and purchasing assets without client consent, leading to financial disputes.
- Termination:
- Discharged for misappropriation of client information and intending to use this information contrary to regulatory and protocol guidelines.
Luong Pham Red Flags & Your Rights As An Investor
Of course, Luong Pham 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 Luong Pham at Cetera Advisors LLC on alert to review carefully the activity and performance of their accounts and question whether Luong Pham has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cetera Advisors LLC 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 Cetera Advisors LLC Due To Luong Pham
If you have questions about Cetera Advisors LLC and/or Luong Pham 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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