Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Feng Luo (Luo), currently associated with Transamerica Financial Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Luo 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 $472,800.00 on October 23, 2020.
Claimants alleged that representative misrepresented and materially omitted facts in the solicitation of unsuitable insurance products. Additionally, it was alleged that the representative fraudulently submitted a forged application to amend the policy’s face amount.