Corpus Christi financial advisor Jaime Rios (CRD# 1747126) was recently sanctioned by securities regulators in connection with alleged rule violations....Read More
Sapphira Chow: Cetera Advisor Denies Structured Product Complaint
Monterey Park financial advisor Sapphira Chow (CRD# 6308704) allegedly recommended unsuitable investments, according to a recent investor complaint against her. Financial Industry Regulatory Authority records show that she is a broker and an investment advisor with Cetera Investment Services.
Ms. Chow’s BrokerCheck report discloses one investor complaint. Filed in November 2022, it alleges that as a representative of Cetera Investment Services, she recommended unsuitable investments in structured products. The pending complaint alleges damages of $100,000. More information about FINRA Rule 2111, which requires brokers to “have a reasonable basis to believe that a recommended transaction or investment strategy” is suitable for the customer they’re recommending it to, is available here.
In a statement included with the complaint’s disclosure, Ms. Chow defended herself against it, writing: “I deny the allegations in the Statement of Claim and will defend these allegations before Finra.”
According to the Financial Industry Regulatory Authority, Sapphira Chow holds eight years of securities industry experience. Based in Monterey Park, California, she has been a broker with Cetera Investment Services in March 2021 and an investment advisor with Cetera Investment Services since June 2021. She was formerly registered with JP Morgan Securities in South Pasadena, California from 2014 until 2021. Her credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. She is licensed in California and Washington. (Information current as of January 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.