10.0David P Neuman
(720) 599-3505

WARNING! Impending Investigation: TONI CHEN and TRANSAMERICA FINANCIAL ADVISORS

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11
Jul

WARNING! Impending Investigation: TONI CHEN and TRANSAMERICA FINANCIAL ADVISORS

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WARNING!  Impending Investigation:  TONI CHEN and TRANSAMERICA FINANCIAL ADVISORS

Toni Chen and TransAmerica Financial Advisors

 

Have you lost money with financial advisor Toni Chen of Alhambra, California?  We are investigating allegations made by the Securities and Exchange Commission (SEC) against Toni Tong Chen. The SEC barred Chen from the securities industry, alleging that she participated in a pyramid scheme.

 

The SEC alleged that Chen participated in a pyramid scheme called CKB186 that targeted the Asian American community between May 2012 and August 2013.  She represented that the investments were in an internet-based company that sold children’s books.  Chen pled guilty to a related criminal matter in March 2016.

 

Toni Chen was a financial advisor and registered representative of TransAmerica Financial Advisors, Inc. from January 2012 to August 2012.  She worked at a branch office in Alhambra, California.  Chen has been the subject of at least three customer complaints.

 

Brokerage firms like TransAmerica Financial Advisors 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 and the Seattle area.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.

 

Click to view:  Chen SEC AWC

Click to view:  Chen BrokerCheck 7.11.16

 

HAVE YOU LOST MONEY WITH TONI CHEN OR TRANSAMERICA FINANCIAL ADVISORS?

             CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION

                Denver Office: (720) 599-3505

                Seattle Office: (206) 795-5798

 

 

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

FREE CASE EVALUATION

DENVER: (720) 599-3505

SEATTLE: (206) 795-5798


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