Close Menu
Free Consultation: 888-976-6111

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.)

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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Cindy Beyerlein: FINRA Suspends Former Ameriprise Advisor

    Former Lancaster, Pennsylvania financial advisor Cindy Beyerlein (CRD# 4320421) has been suspended in connection with allegations that she violated industry...

    Read More
  • Jeff Conforti: Investor Complaint Against Conforti Financial Advisor

    Campbell, California financial advisor Jeff Conforti (CRD# 1624993) allegedly recommended an unsuitable investment, according to a recent investor complaint. Financial...

    Read More
  • Michelle Stebbins: $305K Complaint Against Stifel Advisor

    Southfield, Michigan financial advisor Michelle Stebbins (CRD# 4156378) allegedly failed in her supervisory responsibilities, according to a recent investor complaint....

    Read More
  • Brad Bergdahl: Premier Wealth Advisor Faces Investor Complaint

    Cando, North Dakota financial advisor Brad Bergdahl (CRD# 1432349) allegedly recommended an unsuitable investment, according to a recent investor complaint....

    Read More
  • Previous
  • Next