Cathay Bank Advisor Grace Guo Receives Investor Complaint

Monterey Park, California financial advisor Grace Guo (CRD# 4201624) has received multiple investor complaints, including one that alleges half a million dollars in damages. Financial Industry Regulatory Authority records show that she is a representative of Cathay Bank Wealth Management, which offers securities and advisory services through Cetera Investment Services and Cetera Investment Advisors. 

Ms. Guo’s BrokerCheck report discloses three investor complaints. The most recent, filed in July 2015, alleges that as a representative of Cetera Investment Services, she over-concentrated the customer’s portfolio in unsuitable real estate investments. The pending complaint alleges damages of $500,000.

A second investor complaint, filed in 2021, alleged that she recommended unsuitable investments while at Cetera. In August 2022 the complaint reached a settlement of $80,000.

A third investor complaint, filed in 2020, alleged that she recommended unsuitable real estate investment trusts. In March 2022 the complaint reached a settlement of $40,000.

According to the Financial Industry Regulatory Authority, Grace Guo holds 22 years of securities industry experience. Based in Monterey Park, California, she has been a broker and an investment advisor with Cetera Investment Services and Cetera Investment Advisors since 2017. She is a representative of Cathay Bank Wealth Management, which offers securities and advisory services through Cetera. Her past registrations include LPL Financial (Monterey Park, California; 2017), Cetera Investment Services (Alhambra, California; 2006-2017), UVest Financial Services Group (San Gabriel, California; 2006), UCB Investment Services (Monterey Park, California; 2004-2006), IFMG Securities (Purchase, New York; 2002-2004), and Pruco Securities Corporation (Newark, New Jersey; 2000-2002). Her credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. She is licensed in Arizona, California, Nevada, and Oregon. (Information current as of October 19, 2022.)

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