Warning: JENNY FENG of TransAmerica Financial SUSPENDED
Have you lost money with financial advisor Jenny Xinfang Feng from Columbia, Maryland? We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Jenny Feng. FINRA suspended Feng from the securities industry for 6 months and fined her $7,500. Feng was being investigated regarding allegations she pretended to be an 87-year-old customer’s daughter on a phone call, the purpose of which was to change the customer’s beneficiaries on her variable annuity. Feng, who was not related to the customer, had herself named as a 25% beneficiary of the annuity.
Jenny Xinfang Feng was a registered representative and financial advisor with TransAmerica Financial Advisors from June 2014 to August 2020. She worked out of a branch office in Columbia, Maryland. Feng was also terminated by TransAmerica Financial Advisors.
Broker-dealers like TransAmerica Financial Advisors have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers 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 Maryland. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against TransAmerica Financial Advisors.
If you lost money with Jenny Feng or TransAmerica Financial Advisors, and want to hear about ALL legal options, CONTACT ISRAELS & NEUMAN at 720-599-3505.
FREE CASE EVALUATION
DENVER: (720) 599-3505
SEATTLE: (206) 795-5798