Sara Zhou of Oak Brook Illinois is a stockbroker formerly registered with Financial West Group who is the subject of a customer initiated investment related arbitration claim in which the customer sought one million seven hundred eighty-one thousand one hundred fifteen dollars in damages supported by allegations that (1) misrepresentations had been made regarding oil and gas investments and direct investment products and (2) unsuitable transactions were executed in the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01254 (May 25 2017). The customer additionally alleged that the firm neglected to conduct due diligence on investments offered to the customer and failed to supervise Zhou’s activities.
FINRA Public Disclosure confirms that Zhou has been identified in three additional customer initiated investment related disputes pertaining to accusations of his improper conduct while registered with Gruntal & Co., L.L.C. and Berthel Fisher & Company Financial Services, Inc. Specifically, on November 7, 2000, a customer filed an investment related written complaint involving Zhou’s conduct where the customer requested $6,430.00 in damages founded on allegations that margin was utilized without the customer’s consent to effect over-the-counter equities transactions in the customer’s account.
On February 13, 2002, another customer initiated investment related written complaint pertaining to Zhou’s conduct was settled for $11,500.00 in damages based upon accusations that Zhou effected unauthorized over-the-counter equities purchases by utilizing the customer’s margin without the customer’s permission. Thereafter, on April 27, 2017, a customer filed an investment related written complaint regarding Zhou’s activities, in which the customer sought $121,522.00 in damages supported by allegations that the customer was not reasonably apprised about the illiquidity of real estate security, oil & gas and direct investment products.
FINRA Public Disclosure also reveals that on October 19, 2015, Zhou was terminated from Financial West Group; she resigned once she had been subject of a heightened supervision plan for possibly engaging in investment marketing activities that violated the firm’s policies. She became associated with Axiom Capital Management, Inc. from October 19, 2015 to September 21, 2016, at which point she was fired based upon accusations that she violated the firm’s correspondence procedures and policies.
Zhou has been associated with Westpark Capital since October 3, 2017.
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