<![CDATA[Citigroup - Israels & Neuman, PLC]]> https://www.israelsneuman.com/blog/tags/citigroup/ Mon, 29 Jun 2026 17:54:28 GMT en-us <![CDATA[Sung Moo Cho with Citigroup and Ameriprise is Barred from the Securities Industry]]> https://www.israelsneuman.com/blog/sung-moo-cho-with-citigroup-and-ameriprise-is-barred-from-the-securities-industry/ https://www.israelsneuman.com/blog/sung-moo-cho-with-citigroup-and-ameriprise-is-barred-from-the-securities-industry/ Mon, 29 Jun 2026 17:54:26 GMT Israels & Neuman is looking into allegations against financial advisor, Sung Cho, who previously worked with Citigroup Global Markets and Ameriprise Financial Services in New York City.  This advisor was recently barred from the securities industry for failing to respond to an investigation by FINRA. Allegations Against Sung Cho FINRA started its own investigation into…

]]> Israels & Neuman is looking into allegations against financial advisor, Sung Cho, who previously worked with Citigroup Global Markets and Ameriprise Financial Services in New York City.  This advisor was recently barred from the securities industry for failing to respond to an investigation by FINRA.

Allegations Against Sung Cho

FINRA started its own investigation into Sung Cho after being fired by Citigroup Global Markets in April 2026.  FINRA alleged that it was investigating allegations as to “whether Cho misappropriated customer funds, forged customer signatures, and falsified firm documents while associated with Ameriprise and Citigroup”.  Cho did not cooperate with FINRA’s investigation, and as such, he was barred under FINRA Rule 8210. 

Citigroup disclosed on BrokerCheck that Cho removed “customer personally identifiable information from firm systems to create non-firm generated statement that was provided to a client as well as refusal to cooperate with an internal investigation”.  In essence, it appears that this advisor was creating statements that were not approved by Citigroup, a sign that he was selling investments that were not approved by Citigroup.

Background on Sung Moo Cho

Sung Cho was licensed with Citigroup Global Markets from October 2025 to April 2026.  He was also previously licensed with Ameriprise Financial Services from January 2021 to October 2025 and worked in a New York, NY office.  He was also the subject of a customer complaint in 2009.

Are Ameriprise and Citigroup Potentially Liable for Customer Losses?

FINRA standards provide that brokerage firms like Ameriprise and Citigroup must reasonably supervise the activities of their financial advisors.   Firms that fail to do so could be responsible for investor losses. 

Israels & Neuman Helps Investors in New York

We represent investors throughout the United States as well as New York, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  If you were a client of Sung Moo Cho and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

Contact Israels & Neuman for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights.

]]> <![CDATA[Losses with FRANK VAN HOUTEN of Raymond James in Northstar Financial]]> https://www.israelsneuman.com/blog/frank-van-houten-raymond-james-northstar-financial/ https://www.israelsneuman.com/blog/frank-van-houten-raymond-james-northstar-financial/ Tue, 16 Nov 2021 19:31:53 GMT RESTON, VIRGINIA Have you lost money with financial advisor Frank Van Houten, formerly with Raymond James Financial and now with Citigroup in Reston, Virginia? We are looking into allegations made against Frank Van Houten. Van Houten has been the subject of a recent customer complaint. The complaint alleges an unsuitable investment in an offshore product…

]]> RESTON, VIRGINIA Have you lost money with financial advisor Frank Van Houten, formerly with Raymond James Financial and now with Citigroup in Reston, Virginia? We are looking into allegations made against Frank Van Houten. Van Houten has been the subject of a recent customer complaint. The complaint alleges an unsuitable investment in an offshore product called Northstar Financial Services, whose issuer is under liquidation order.

Frank Van Houten was with Raymond James Financial from June 2014 to October 2017 and again from December 2018 to January 2020. He had been with LPL Financial from January 2020 to August 2021. He has worked at branch offices in Reston, Virginia.

Brokerage firms like Raymond James Financial have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Virginia. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Raymond James Financial.

View F. Van Houten BrokerCheck Report

If you lost money with Frank Van Houten, Northstar Financial, or Raymond James Financial, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

]]> <![CDATA[Complaints Against ALBERTO VALDES of Raymond James]]> https://www.israelsneuman.com/blog/complaints-alberto-valdes-raymond-james/ https://www.israelsneuman.com/blog/complaints-alberto-valdes-raymond-james/ Tue, 05 Oct 2021 19:04:23 GMT MIAMI, FLORIDA Have you lost money with financial advisor Alberto Valdes, formerly with Raymond James Financial and now with Citigroup in Miami, Florida? We are looking into allegations made against Alberto Valdes. Valdes has been the subject of two customer complaints, one of which was made within the last year. One of the complaints alleges…

]]> MIAMI, FLORIDA Have you lost money with financial advisor Alberto Valdes, formerly with Raymond James Financial and now with Citigroup in Miami, Florida? We are looking into allegations made against Alberto Valdes. Valdes has been the subject of two customer complaints, one of which was made within the last year. One of the complaints alleges an unsuitable investment in an offshore product called Northstar, whose issuer is under liquidation order.

Alberto Valdes was with Raymond James Financial from July 2016 to January 2018. He has been with Citigroup from January 2018 to the present. He has worked at branch offices in Miami, Florida.

Brokerage firms like Raymond James Financial have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida. Attorney David Neuman is licensed to practice law in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Raymond James Financial.

View A. Valdes BrokerCheck Report

If you lost money with Alberto Valdes or Raymond James Financial, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

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