Ivan Cen: Did Cetera Advisor Make Unauthorized Trades?

Millbrae, California financial advisor Ivan Cen (CRD# 5474263) has received investor complaints alleging unauthorized trading and other misconduct. Financial Industry Regulatory Authority records show that he is a broker and investment adviser with Cetera Investment Services and Cetera Investment Advisers. Also known as Shao Chen, he is additionally registered with the firm’s offices in Dublin, Oakland, San Francisco, and San Mateo, California.

Mr. Cen’s BrokerCheck report discloses two investor complaints against him. The most recent, filed in May 2022, alleges that as a Cetera Investment Services representative, he engaged in unauthorized trading in mutual fund and exchange-traded fund products. The pending complaint alleges unspecified damages believed to exceed $5,000.

A second investor complaint, filed in July 2021, alleges that Mr. Cen recommended unsuitable investments in real estate securities while a representative of Cetera Investment Services. This pending complaint also alleges unspecified damages believed to exceed $5,000.

According to the Financial Industry Regulatory Authority, Ivan Cen holds 12 years of securities industry experience. He is also known as Shao Chen. Based in Millbrae, Dublin, Oakland, San Francisco, San Mateo, Union City, and Daly City, California, he has been a representative of Cetera Investment Services since 2013. His past registrations include LPL Financial (San Francisco, California; 2011-2013), World Group Securities (San Francisco, California; 2011), Northwestern Mutual Investment Services (Menlo Park, California; 2008-2009), and Ameriprise Financial Services (San Francisco, California; 2008). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; and the Securities Industry Essentials Examination, or SIE. He is licensed in Arizona and California. (Information current as of June 28, 2022.)

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