Haiguang Yin (also known as Hai Guang Yin and John Yin), of Arcadia, California, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim. The claim was filed on April 16, 2024. The customer alleged unsuitable investment recommendations, misrepresentation of risk, and breach of fiduciary duty in connection with the sale of real estate securities (REITs). The customer sought damages between $500,000.00 and $1,000,000. This case is pending a resolution. FINRA Arbitration No. 24-00820.
FINRA Public Disclosure also shows that Yin was referenced in a customer initiated investment related dispute filed on September 23, 2019, where the customer alleged misrepresentations of material fact in connection with the sale of a real estate security. The customer requested $49,034.90 in damages. On November 7, 2019, Cetera Investment Services denied the customer’s complaint.
On August 6, 2014, a separate customer initiated investment related dispute was filed, alleging that Yin failed to disclose penalties for withdrawing funds from an annuity. On October 3, 2014, the matter was resolved, with Cetera Investment Services paying $23,440.91 to the customer. Yin contributed $10,000.00 to the settlement.
Yin was associated with Cetera Investment Services LLC from January 29, 2013, to June 26, 2023. He was also associated with Packerland Brokerage Services Inc. between March 13, 2024, and August 12, 2024.
