Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Fei Chen (Chen), previously associated with Waddell & Reed, has at least one disclosable event. These events include one customer complaint, alleging that Chen 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 $51,000.00 on September 30, 2021.
Claimant alleges unsuitability, common law fraud, breach of contract, negligent supervision, breach of fiduciary duty, and violation of the California securities act.