Were you the victim of First Allied Securities, Inc. broker Edward Yoon (CRD# 2408137) regarding real estate investment losses? He has been registered with First Allied Securities, Inc. in Pasadena, California since 2007 and with Cetera Investment Advisers LLC in Pasadena, California and Rancho Cucamonga, California since 2020.
Edward Yoon Customer Complaints
He has been the subject of four customer complaints between 2001 and 2022, one of which was denied, according to his CRD report. The most recent complaints are regarding:
February 2022. “Claimant alleges their financial adviser recommended unsuitable investments. Claimant generally alleges unsuitability.” The customer is seeking $140,000 in damages and the case is currently pending. The complaint was regarding real estate securities losses and took place while he was registered with First Allied Securities, Inc.
December 2021. “Claimant alleges their financial adviser recommended investments that were unsuitable. Claimant generally alleges suitability, breach of contract, breach of duty, and negligence.” The customer is seeking $100,001 in damages and the case is currently pending. The complaint was regarding real estate investment trusts (REITs) losses and took place while he was registered with First Allied Securities, Inc.
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, First Allied Securities, Inc. may be liable for investment or other losses suffered by Edward Yoon’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.
"*" indicates required fields