Cetera Investment Services LLC broker Ping Wu REIT Losses

Cetera Investment Services LLC

Erez Law is currently investigating Cetera Investment Services LLC broker Ping Wu (CRD# 4924232) regarding real estate investment trusts (REIT) losses. Ping Wu has been registered with Cetera Investment Services LLC in Arcadia, California since 2013.

Ping Wu Customer Complaints

Ping Wu has been the subject of four customer complaints between 2016 and 2021, two of which were denied, according to his CRD report:

  • November 2021. “Claimant alleges unsuitable investment recommendations which resulted in losses.” The customer is seeking $330,000 in damages and the case is currently pending. The complaint took place while Ping Wu was registered with Cetera Investment Services LLC and was regarding real estate securities.
  • May 2021. “Claimants alleges that their registered representative recommended unsuitable investments.” The customer is seeking $75,000 in damages and the case is currently pending. The complaint took place while Ping Wu was registered with Cetera Investment Services LLC and 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 may be liable for investment or other losses suffered by Ping Wu’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.