Airung Liu, of Fremont, California, a stockbroker associated with Cambridge Investment Research Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $25,000.00 in damages based upon allegations that Liu made unsuitable recommendations of direct investments to the customer during the time that Liu was associated with Cambridge Investment Research Inc. FINRA Arbitration No. 21-03131 (October 18, 2022).
This is not the first time that Liu has been referenced in a customer initiated investment related dispute concerning Liu’s conduct in the securities industry. FINRA Public Disclosure shows that Liu was also referenced in a customer initiated investment related complaint that was settled for $275,000.00 in damages based upon allegations that Liu represented an auction rate security as a liquid investment when Liu was associated with Morgan Stanley. (April 17, 2008).
Liu was associated with Cambridge Investment Research Inc. in Fremont, California from November 9, 2009, to December 19, 2019. Since December 16, 2019, Liu has been associated with Securities America Inc. as a stockbroker in Newark, California, and associated with Securities America Advisors Inc. as an investment adviser representative.