Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Yin Zhong (Zhong), previously associated with Ni Advisors, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Zhong 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 $30,000.00 on August 10, 2022.
Allegations of breach of fiduciary duty, suitability, negligence, failure to supervise regarding investment in GWG L-bonds which subsequently sought reorganization through bankruptcy. Five year bond investment occurred in 2019.