Erez Law is currently investigating former Cetera Investment Services LLC broker Clara Tang (CRD# 4852979) regarding unsuitable recommendations in real estate securities. Clara Tang was registered with Cetera Investment Services LLC in Cupertino, California from 2012 to 2018.
Clara Tang Customer Complaints
Clara Tang has been the subject of three customer complaints between 2018 and 2020, according to her CRD report:
March 2020. “Claimant alleges that the registered representative recommended unsuitable investments.” The case is currently pending. The complaint was regarding real estate securities.
March 2019. “Claimant alleges that the registered representative recommended unsuitable investments.” The customer is seeking $5,000 in damages. The complaint was regarding real estate securities.
August 2018. “The clients allege unsuitability, breach of fiduciary duty, breach of contract, elder financial abuse.” The case was settled for $15,000. The complaint was regarding real estate securities and BDCA.
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, Cetera Investment Services LLC may be liable for investment or other losses suffered by Clara Tang’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.