Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Xinxin Lu (Lu), previously associated with Transamerica Financial Advisors, Inc, has at least one disclosable event. These events include one customer complaint, alleging that Lu 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 $1,000,000.00 on May 27, 2022.
CLAIMANTS ALLEGE THEY WERE OVERCONCENTRATED IN UNSUITABLE OFF-SHORE INVESTMENTS THAT RESULTED IN LOSSES.