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Yvonne Zhong: $900K GWG L Bond Complaint Against Los Gatos Advisor
A recent investor complaint against NI Advisors financial advisor Yvonne Zhong (CRD# 3203120) alleges that she unsuitably recommended an investment in GWG L bonds. Financial Industry Regulatory Authority records show that she is a broker based in Los Gatos, California.
Ms. Zhong’s BrokerCheck report discloses two investor complaints. The most recent, filed in June 2022, alleges that as a representative of NI Advisors, she breached contract, failed in her supervisory duties, and recommended an unsuitable $900,000 investment in GWG L bonds. The pending complaint alleges unspecified damages.
A second investor complaint, filed in 2018, alleged that as an NI Advisors representative, Ms. Zhong misrepresented material information relating to an investment in a real estate investment trust, or REIT. The complaint alleged estimated damages of $25,000 and was denied by the firm.
According to the Financial Industry Regulatory Authority, Yvonne Zhong holds 21 years of securities industry experience. Based in Los Gatos, California, she has been a broker with NI Advisors since 2018. Her past registrations include Cetera Investment Services (Cupertino, California; 2017-2018), LPL Financial (Dublin, California; 2017), Cetera Investment Services (Cupertino, California; 2014-2017), AXA Advisors (San Francisco, California; 2012-2014), NI Advisors (Milpitas, California; 2010-2012), UCB Investment Services (San Francisco, California; 2005-2008), Supertrade Securities (Houston, Texas; 2000-2005), Golden Stream Securities (Sugar Land, Texas; 2000), and Youngblood Securities (Houston, Texas; 1999-2000). Her credentials include the passage of six securities industry qualifying examinations: the General Securities Principal Examination, or Series 24; the Registered Options Principal Examination, or Series 4; the Financial and Operations Principal Examination, or Series 27; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. She is licensed as a broker in California. (Information current as of August 19, 2022.)
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