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Edward Yoon: 6-Figure Complaints Against Pasadena Advisor
First Allied Securities representative Edward Yoon (CRD# 2408137) allegedly recommended unsuitable investments that led to losses, according to pending investor complaints. Financial Industry Regulatory Authority records show that he is affiliated with the firm’s offices in Pasadena, Rancho Cucamonga, and Torrance, California.
The most recent investor complaint disclosed on Mr. Yoon’s BrokerCheck report was filed in February 2022. It alleges that as a representative of First Allied Securities, he recommended unsuitable real estate investments. The pending complaint alleges damages of $140,000.
An earlier complaint disclosed on his BrokerCheck report was filed in October 2021. It alleges that as a representative of First Allied Securities, he recommended unsuitable real estate investment trust (REIT) products, breached contract, breached his fiduciary duty, and acted negligently. The pending complaint alleges damages of $100,001.
FINRA records also describe a complaint against Mr. Yoon filed in 2001, alleging that he breached contract, breached his fiduciary duty, misrepresented material facts, omitted material facts, engaged in unauthorized trading, acted negligently, and committed fraud. The complaint involved into a FINRA arbitration proceeding that concluded with an award to the claimants of $98,247.85.
According to the Financial Industry Regulatory Authority, Edward Yoon holds 26 years of securities industry experience and has been affiliated with First Allied Securities in Pasadena, Rancho Cucamonga, and Torrance, California since 2007. He is also a financial advisor with Cetera Investment Advisors in Pasadena and Rancho Cucamonga. His past registrations include UBS Financial Services, DA Davidson & Company, Piper Jaffray, Prudential Securities, and Painewebber. His credentials include the passage of four securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He presently holds 19 state securities licenses. (Information current as of May 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.