Former Chicago, Illinois financial advisor Joseph Cannon (CRD# 6341199) was recently sanctioned and barred in connection with alleged rule violations....
Read MoreNew REIT Complaint Against Flushing Advisor Chang Vung
Recent investor complaints against Cetera Investment Services financial advisor Chang Vung (CRD# 5347816) allege unsuitable investment recommendations and other forms of fraud. Financial Industry Regulatory Authority records show that Ms. Vung is a broker based in Flushing, New York.
Ms. Vung’s BrokerCheck report discloses several investor complaints. The most recent, filed in May 2022, alleges that as a representative of Cetera Investment Services, she recommended unsuitable investments in real estate investment trusts (REITs). The pending complaint alleges damages of $100,000.
A second complaint, filed in August 2021, alleged that as a Cetera representative, she placed the customer in a “high risk, high expense investment” in a real estate product. The complaint sought damages of $5,000 and was denied by the firm.
A third complaint, filed in 2018, alleged that as a Cetera Investment Services representative, Ms. Vung breached contract, committed fraud, made misrepresentations of material facts, breached her fiduciary duty, and violated FINRA rules. In 2020 the complaint reached a settlement of $14,500.
According to the Financial Industry Regulatory Authority, Chang Vung holds 15 years of securities industry experience. Based in Flushing, New York, she has been a broker with Cetera Investment Services since 2007. She has no prior registrations listed on her BrokerCheck report. Her credentials include the passage of three securities industry qualifying examinations: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. She is licensed in California, Florida, Illinois, New Jersey, New York, Pennsylvania, and Texas. (Information current as of July 13, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.
