John Yin: Ex-Cetera Advisor Faces $500k-$1mm Complaint

City of Industry, California financial advisor John Yin (CRD# 3249933) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Packerland Brokerage Services, having previously been registered with Cetera Investment Services.

Mr. Yin’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in April 2024, alleges that as a representative of Cetera Investment Services, he misrepresented risks associated with investments, recommended unsuitable real estate products, and breached his fiduciary duty. The pending complaint alleges damages between $500,000 and $1,000,000.

An earlier investor complaint, field in 2014, alleged that as a Cetera Investment Services representative, he did not disclose the withdrawal penalty associated with an annuity product. The complaint reached a settlement of $24,440.91.

A third investor complaint, filed in 2019, alleged that as a Cetera representative, he misrepresented a real estate product. The complaint alleged damages of $49,034.90 and was denied by the firm.

According to the Financial Industry Regulatory Authority, John Yin holds 23 years of securities industry experience. Based in City of Industry, California, he has been a broker and an investment advisor with Packerland Brokerage Services since March 2024. His registration history includes Cetera Investment Services (Arcadia, California; 2013-2023), LPL Financial (Los Angeles, California; 2009-2010, 2011-2013), UVest Financial Services (Temple City, California; 2010-2011), UCB Investment Services (Arcadia, California; 2004-2009), IFMG Securities (Monterey Park, California; 2003-2004), AXA Advisors (Hacienda Heights, California and New York, New York; 1999-2003), and the Equitable Life Assurance Society of the United States (New York, New York; 1999-2000). His 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 Investment Adviser Law Examination, or Series 65. He is licensed in California. (Information current as of May 6, 2024.)

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