Lei Wang: Investor Complaint Against Osaic Advisor

West Palm Beach, Florida financial advisor Lei Wang (CRD# 2626500) recently received an investor complaint alleging that she misrepresented an investment. Financial Industry Regulatory Authority records show that she is registered as a broker and an investment advisor with Osaic Wealth.

Ms. Wang’s BrokerCheck report discloses two investor complaints. The most recent, filed in October 2025, alleges that she misrepresented material facts relating to a variable universal life insurance policy sold in 2023. The pending complaint alleges unspecified damages believed to exceed $5,000.

An earlier investor complaint, filed in 2016, alleged that that as a representative of Lincoln Advisors Corporation, she told the client that her managed asset account “would only increase in value and at the very least not lose any value.” The complaint alleged unspecified damages and was denied by the firm. (When a complaint is denied by the firm that receives it, this denial does not necessarily mean it was meritless. Investors can still pursue recovery through other actions, like FINRA arbitration claims.)

Investors should be aware that FINRA rules and other securities industry standards prohibit brokers like Ms. Wang from giving customers incomplete or misleading information regarding investments. FINRA Rule 2020 specifically stipulates that no registered representative may “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” Brokers who make misrepresentations or omissions of material facts regarding investment recommendations may lead their clients to invest in unsuitable securities, in violation of FINRA Rule 2111. Representatives who misrepresent and/or recommend unsuitable investments may be held liable for damages in the event of losses. They may also be subject to disciplinary action by FINRA, the Securities and Exchange Commission, or state securities regulators.

According to the Financial Industry Regulatory Authority, Lei Wang holds 30 years of securities industry experience. Based in West Palm Beach, Florida, she has been registered as a broker and an investment advisor with Osaic since 2001. Her past registrations include the Lincoln National Life Insurance Company, Aetna Investment Services, Financial Network Investment Corporation, Aetna Financial Services, and Aetna Investment Services. Her credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6;. He holds 23 state licenses. (Information current as of December 6, 2025.)

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.