Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Zheng (Zheng), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Zheng recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $49,999.00 on February 17, 2023.
Arbitration: During an unspecified time period, Claimants allege their Financial Advisor (FA) placed them in unsuitable investments by failing to explain the risks involved thereby causing losses in their account.\, Complaint: Clients alleged that their Financial Advisor recommended unsuitable investments, borrowed money from them, and repaid the loan without paying interest. (9/4/2019-3/24/2020)