Former Cetera Investment Services LLC Broker Lok Wong Recovery Loss Options

Cetera Investment Services LLC

There are options for customers of former Cetera Investment Services LLC broker Lok Wong (CRD# 6100689) who is accused of recommending real estate securities that led to investment losses. He was registered with the following brokerage firms: 

  • TD Ameritrade, Inc. in Jersey City, New Jersey from 2018 to 2021
  • Scottrade, Inc. in Newport Beach, California from 2016 to 2018
  • Bancwest Investment Services, Inc. in Rowland Heights, California from 2015 to 2016
  • Cetera Investment Services LLC in Rosemead, California from 2013 to 2015

Lok Wong Customer Complaints

He has been the subject of one customer complaint, according to his CRD report:

July 2022. “Claimant alleges they were over concentrated in unsuitable and illiquid alternative investments, which resulted in losses.” The customer is seeking $200,000 in damages and the case is currently pending. The complaint was regarding real estate investment losses and it took place while he was registered with Cetera Investment Services LLC.

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 Lok Wong’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.