Unsuitable Investment Recommendations with Former Cetera Investment Advisers LLC Broker Hui Zhang

Cetera Investment Services LLC

Erez Law is currently investigating former Cetera Investment Advisers LLC broker Hui Zhang (CRD# 5918387) regarding unsuitable investment recommendations. He has been registered with Independent Financial Group, LLC in San Gabriel, California since 2020. Previously, he was registered with Cetera Investment Advisers LLC in San Marino, California from 2014 to 2020.

Hui Zhang Customer Complaints

He has been the subject of four customer complaints between 2015 and 2022, one of which was denied, according to his CRD report:

February 2022. “Claimant alleges an unsuitable investment recommendation which resulted in losses.” The case is currently pending. The complaint was regarding fixed annuity losses.

July 2021. “Claimants allege that their registered representative recommended unsuitable investments.” The case is currently pending. The complaint was regarding real estate security losses.

March 2015. “Clients allege misrepresentation.” The customer sought $4,000 in damages and the case was settled for $7,919. The complaint was regarding certificate of deposit (CD) losses.

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 Advisers LLC may be liable for investment or other losses suffered by Hui Zhang’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.