Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chihyu Hsu (Hsu), previously associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hsu recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $77,000.00 on July 17, 2025.
The customer alleges that two years ago, the RR facilitated the transfer of funds from the customer’s IRA into the customer’s personal checking account, with the stated intention of using the funds to purchase an annuity with Brighthouse Financial. Following this, and at the RR’s instruction, the customer transferred the funds from his checking account to the RR’s personal bank account. The customer claims he has never received any documentation or confirmation of the annuity and has been unable to contact the RR despite repeated attempts.