Phillip Chien-Cheng Kao, of San Francisco, California, a stockbroker registered with Portsmouth Financial Services, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of real estate securities or REITs when Kao was associated with LPL Financial LLC. FINRA Arbitration No. 24-00296 (February 8, 2024). According to the claim, the securities conflicted with the customer’s risk tolerance and investment objectives.
FINRA Public Disclosure shows that Kao is also referenced in a customer initiated investment related complaint filed on September 19, 2016, in which the customer requested damages based upon the alleged concentration of the customer’s account in stocks at LPL Financial LLC.
Kao was associated with LPL Financial LLC in Cupertino, California from November 9, 2015, to September 19, 2016. He has been associated with Portsmouth Financial Services in San Francisco, California since August 2, 2021.
