Joanna Wang: $495K REIT Complaint Against LPL Advisor

LPL Financial advisor Joanna Wang (CRD# 4056171) recently received an investor complaint alleging various forms of misconduct in connection with the sales of non-traded real estate investment trusts (REITs). Financial Industry Regulatory Authority records show that she was previously registered with Prudential Investments, which recently integrated with LPL, in Lake Barrington, Illinois.

Ms. Wang’s BrokerCheck report discloses one investor complaint. Filed in March 2025, it alleges that as a representative of Pruco Securities, she engaged in misleading and fraudulent communications, recommended unsuitable non-traded REIT investments, sold investments away from the firm, made an unauthorized solicitation, engaged in supervisory failures and record-keeping violations, and failed to disclose compensation and conflicts of interest. The pending complaint alleges damages of $495,000.

Prudential’s website includes a profile of Ms. Wang in which she describes her services and focus areas, including retirement planning and financial strategies. “with someone who understands your unique hopes and dreams,” she explains. “I value connecting with my clients in a meaningful way!”

According to the Financial Industry Regulatory Authority, Joanna Wang holds 24 years of securities industry experience. Her Prudential profile states that she is based in Lake Barrington, Illinois, while her FINRA BrokerCheck report states that she is based in Fort Mill, South Carolina. She has been registered with LPL Financial since November 2024. Her registration history includes  Prudential Financial Planning Services (Lake Barrington, Illinois; 2004-2024), Pruco Securities (Lake Barrington, Illinois; 2002-2024), and WMA Securities (Duluth, Georgia; 2000-2001). Her credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7TO; the Securities Industry Essentials Examination, or SIE; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. She holds 21 state licenses. (Information current as of April 13, 2025.)

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