Securities Arbitration

Gordon Tong Quan of Pasadena California a stockbroker formerly registered with Cetera Advisors Networks LLC has been referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages based upon allegations that investment recommendations made to the Cetera Advisor Networks customer by Quan had failed to be suitable and had caused the customer to experience losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03241 (Jan. 27, 2020).

This is not the first time that Quan has been accused of sales practice violations by a customer of a securities broker dealer. FINRA Public Disclosure confirms that another customer initiated investment related complaint concerning Quan’s activities was resolved for $78,338.48 in damages supported by allegations of improper annuity transactions relating to two trust accounts when Quan was associated with Financial Network Investment Corporation.

Quan was discharged by Cetera Advisor Networks on May 15, 2018 founded on allegations of him engaging in an outside business activity and for loaning a customer funds.