Can I recover losses from investments with Cetera Investment Services LLC broker Howard Hsieh (CRD# 4947882)? Hsieh has been registered with Cetera Investment Services LLC in Irvine, California since 2013.
Hsieh has been the subject of three customer complaints between 2019 and 2021, one of which was denied, according to his CRD report:
- July 2021. “Client alleges the timeframe for the REIT investments purchased were misrepresented.” The customer is seeking $5,000 in damages and the case is currently pending.
- July 2019. “Clients allege breach of contract and warranties, promissory estoppel, violation of state securities statutes, violation of consumer protection statutes, and claims under common law.” The customer is seeking $500,000 in damages and the case is currently pending. The complaint was regarding real estate securities.
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 Hsieh’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.