Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sicheng Tao (Tao), previously associated with Fidelity Brokerage Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Tao recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on May 24, 2024.
Time Frame: September 13th, 2021 to March 16th, 2022 What were the allegations against the individual? The firm settled a matter where the client alleges she was not made aware her money was placed in bond funds and that the risk of the bon fund was never disclosed. The client further alleges the trade was unauthorized.