Carlson Law Files Claim Against Luong Pham & Cetera Advisors

Calrson Law has filed a FINRA arbitration claim on behalf of Springboro, Ohio financial advisor Luong Pham (CRD# 2830422). Records maintained by the Financial Industry Regulatory Authority and the Securities and Exchange Commission indicate that the former Cetera Advisors broker is currently an investment advisor with Axim Planning & Wealth. The recently filed claim, which remains pending relates to an alleged over-concentration in risky Chinese stocks while he was a Cetera representative, seeking damages of $150,000.

Mr. Pham’s BrokerCheck report describes earlier investor complaints. A claim filed in 2015, for instance, alleged that as a representative of Wells Fargo Advisors, he made transactions without the customer’s authorization. The complaint alleged damages of $60,000 and was denied by the firm.

A third investor complaint, filed in 2000, alleged he executed an unauthorized transaction while at Edward Jones. The complaint alleged damages of $5,000 and was denied by the firm.

A fourth disclosure on Mr. Pham’s BrokerCheck report concerns his 2017 departure from FSIC. According to the disclosure, the firm fired him in connection with allegations he “obtained certain client information from his previous employer without authorization and intended to use such information in contravention of the agreement under the Protocol for Broker Recruiting and in violation of SEC’s Regulation S-P.”

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Luong Pham holds 26 years of securities industry experience. Based in Springboro, Ohio, he has been an investment advisor with Axim Planning & Wealth since April 2023. His past registrations include Cetera Advisors (Dayton, Ohio; 2019-2022), TCFG Investment Advisors (Centerville, Ohio; 2017-2019), Wells Fargo Clearing Services (Miamisburg, Ohio; 2012-2017), United Advisors Services (Centerville, Ohio; 2017), FSIC (Boca Raton, Florida; 2017), Ameriprise Financial Services (Dayton, Ohio; 2009-2013), Citigroup Global Markets (Centerville, Ohio; 2006-2009), UBS Financial Services (Centerville, Ohio; 2006-2009), Edward Jones (St. Louis, Missouri; 1999-2001), and Mony Securities Corporation (New York, New York; 1996-1999). His credentials include the passage of six securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; 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 Ohio and Texas. (Information current as of April 8, 2023.)

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.