Yong Seok Chang, of Seattle, Washington, a stockbroker registered with Independent Financial Group LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $45,000.00 in damages based upon allegations that Chang made unsuitable recommendations in non-traded real estate investment trusts (REITs) when Chang was associated with Independent Financial Group LLC. FINRA Arbitration No. 23-03302 (November 15, 2023).
FINRA Public Disclosure shows that Chang is referenced in three other customer initiated investment related disputes concerning Chang’s conduct while associated with securities broker dealers. On February 6, 2023, a customer filed an investment related FINRA securities arbitration claim involving Chang’s conduct in which the customer requested $25,000.00 in damages based upon allegations that Chang made unsuitable recommendations in REITs. FINRA Arbitration No. 23-00259.
On May 22, 2023, a customer initiated investment related FINRA securities arbitration claim involving Chang’s conduct was settled for $87,000.00 in damages based upon allegations that Chang made unsuitable recommendations in non-traded REITs during the time that Chang was associated with Independent Financial Group LLC. FINRA Arbitration No. 21-02473.
On October 12, 2023, a customer filed a FINRA securities arbitration claim involving Chang’s conduct while associated with Independent Financial Group LLC. The claim alleges that Chang provided unsuitable advice to the customer regarding structured products, resulting in losses. The customer is seeking $200,000.00 in damages. FINRA Arbitration No. 23-02843.
Chang has been associated with Independent Financial Group LLC in Seattle, Washington, since October 27, 2008, as both a stockbroker and an investment advisor representative.
