Leo Li-Yuan Chien of San Gabriel, California, a stockbroker registered with Cetera Investment Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $170,000.00 in damages based upon allegations that Chien made unsuitable investment recommendations of direct investments and real estate securities or Real Estate Investment Trusts (“REITs”) when Chien was associated with Cetera Investment Services LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01611 (August 24, 2022).
FINRA Public Disclosure shows that Chien has been referenced in three other customer initiated investment related disputes concerning Chien’s conduct while associated with securities broker dealers. On August 9, 2011, a customer filed an investment related complaint involving Chien’s conduct in which the customer requested $7,500.00 in damages based upon allegations that Chien made misrepresentations of material fact in connection with the recommendation and sale of mutual funds during the time that Chien was associated with HSBC Securities (USA) Inc.
Chien is also referenced in a FINRA securities arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in compensation based upon allegations that Chien made unsuitable recommendations of variable annuities and REITs during the period that Chien was associated with Cetera Investment Services LLC. FINRA Arbitration No. 22-00579 (March 25, 2022).
On April 22, 2022, a customer filed an investment related FINRA securities arbitration claim involving Chien’s conduct in which the customer requested $100,000.00 in damages based upon allegations that Chien made unsuitable recommendations of real estate securities. FINRA Arbitration No. 22-00789.
Chien has been associated with Cetera Investment Services LLC in San Gabriel, California, as a stockbroker since February 28, 2012, an associated with Cetera Investment Advisers LLC in San Gabriel, California, as an investment advisor representative since January 21, 2014.
