DID XIANGYU YU ZHANG CAUSE YOU INVESTMENT LOSSES?
Xiangyu Zhang Formerly With Wells Fargo Clearing Services, LLC and Cetera Investment Services Has 12 Customer Complaints For Alleged Broker Misconduct
Who is Xiangyu Zhang formerly with Wells Fargo Clearing Services, LLC?
Xiangyu Zhang (CRD #5050282) who was formerly registered with Wells Fargo Clearing Services, LLC and located in Alhambra, California, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Wells Fargo Clearing Services, LLC, Xiangyu Zhang was associated with Cetera Investment Services and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Xiangyu Zhang has had his own regulatory problems. First, he was suspended indefinitely for failing to pay an arbitration award or settlement. Next, he was permanently barred from any further association with any FINRA member firm in any capacity for failing to respond to the regulator’s request for information.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Xiangyu Zhang Customer Complaints
Xiangyu Zhang has been the subject of 12 customer complaints that we know about seeking to recover investment losses. Nine of the customer complaints were settled by Cetera Investment Services in favor of the investors. Two of the customer complaints were denied by Cetera Investment Services and the investor took no further action. There is currently one FINRA arbitration proceeding still pending against Cetera Investment Services for the advisor’s alleged misconduct.
Allegations Against Xiangyu Zhang
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Unsuitable recommendation of real estate securities.
- Misrepresentation of investment products.
- Misleading information regarding REIT investment.
- Misrepresentation of REIT investment.
- Violation of FINRA Rule 2111, breach of fiduciary duty, breach of contract, Elder financial abuse and violation of California securities laws.
- Unsuitable investment recommendations of REITs.
Xiangyu Zhang Red Flags & Your Rights As An Investor
Of course, Xiangyu Zhang 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 Xiangyu Zhang at Wells Fargo Clearing Services, LLC and Cetera Investment Services on alert to review carefully the activity and performance of their accounts and question whether Xiangyu Zhang has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Wells Fargo Clearing Services, LLC and Cetera Investment Services 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 Wells Fargo Clearing Services, LLC Due To Xiangyu Zhang
If you have questions about Wells Fargo Clearing Services, LLC Cetera Investment Services and/or Xiangyu Zhang 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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