Can I recover losses from investments with Cetera Investment Services LLC broker Mei Guo (CRD# 4201624)? He has been registered with Cetera Investment Services LLC in Monterey Park, California, since 2017.
Mei Guo Customer Complaints
He has been the subject of three customer complaints between 2020 and 2022, according to his CRD report:
July 2022. “Claimant alleges registered representative overconcentrated their portfolio in unsuitable investments that resulted in losses.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was related to real estate securities.
August 2021. “Claimants allege that registered representative recommended unsuitable investments.” The customer sought $250,000 in damages, and the case was settled for $80,000. The complaint was related to real estate securities.
October 2020. “Claimant alleges unsuitable investment recommendations.” The case was settled for $40,000. The complaint was related to real estate investment trust (REIT) 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 Services LLC may be liable for investment or other losses suffered by Mei Guo’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.
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