Grace Chen: REIT Complaint Against Ex-Cetera, Citigroup Advisor

Former Cetera Financial Services financial advisor Yu-Chin Chen (CRD# 3041928), also known as Grace Chen, has received several investor complaints alleging her investment recommendations resulted in losses. Financial Industry Regulatory Authority records show that she is not currently registered as a broker or an investment adviser, though she was most recently based in Arcadia, California as a representative of Citigroup Global Markets.

Ms. Chen’s BrokerCheck report discloses four investor complaints. The most recent, filed in December 2021, alleges that she recommended unsuitable real estate investment trust (REIT) investments while at Cetera Investment Services. The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in June 2021, alleges that as a representative of Cetera Investment Services, she recommended unsuitable real estate securities. The pending complaint alleges unspecified damages.

A third investor complaint, filed in 2018, alleged that she misrepresented material information relating to a real estate investment. The complaint alleged damages of $25,325 and was denied by the firm.

A fourth investor complaint, also filed in 2018, similarly alleged misrepresentation regarding a real estate product. The complaint alleged damages of $80,000 and was denied by the firm.

According to the Financial Industry Regulatory Authority, Grace Chen holds 20 years of securities industry experience. She is also known as Yu-Chin Chen. Most recently based in Arcadia, California, she is currently not registered as a broker or as an investment adviser. Her prior registrations include Wells Fargo Advisors, Cetera Investment Services, Chase Investment Services, Financial Network Investment Corporation, Core Pacific Securities USA, American Express Financial Advisors, IDS Life Insurance Company, and Pruco Securities Corporation. Her credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. (Information current as of September 3, 2022.)

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