Emerson Equity LLC broker Fred Chen (CRD# 5766069) is accused of corporate debt losses. He has been registered with Emerson Equity LLC in Irvine, California, since 2020. He was registered with Arque Capital, Ltd. in Irvine, California, from 2018 to 2020, LPL Financial LLC in Whittier, California, from 2017 to 2018, and Unionbanc Investment Services, LLC in Irvine, California, from 2013 to 2014.
Fred Chen Customer Complaints
He has been the subject of five customer complaints between 2022 and 2024, according to his CRD report:
December 2024. “Breach of written contract, breach of fiduciary duty, negligence and gross negligence, misrepresentations and omissions, violation of FINRA rules, violation of federal securities laws, violation of the California securities act and violation of best interest obligations. June 2020.” The customer is seeking $300,000 in damages, and the case is currently pending. The complaint was regarding corporate debt.
October 2024. “Breach of fiduciary duty, negligence and negligent misrepresentation, breach of contract, overconcentration, violation of regulation BI.” The case is currently pending. The complaint was regarding corporate debt.
August 2024. “Breach of written contract, breach of fiduciary duty, negligence and gross negligence, misrepresentations and omissions, violation of FINRA rules, violation of federal securities laws, violation of the California Securities Act and violation of Best Interest Obligations.” The customer is seeking $600,000 in damages, and the case is currently pending. The complaint was regarding corporate debt.
August 2024. “Breach of fiduciary duty, negligence, negligent misrepresentation, breach of contract, overconcentration, violation of Regulation BI. Purchases between 2020 and 2021.” The case is currently pending. The complaint was regarding corporate debt.
December 2020. “Negligence, negligence-violation of best interest, misrepresentations & omissions, omission of material facts, unsuitable recommendations, breach of fiduciary duty, violations of FINRA rules 2010,2020,2110,2111,2114,2310,3010 & 3110, breach of contract, fraud.” The customer sought $100,000 in damages, and the case was settled for $30,000. The complaint was regarding corporate debt.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Emerson Equity LLC may be liable for investment or other losses suffered by Fred Chen’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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