Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
One or more investors possibly experienced losses because of securities broker Albert Chen [CRD: 5996821, Raleigh, North Carolina], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Notably, Chen worked for LPL Financial LLC from April 15, 2015 to March 24, 2020, and for Merrill Lynch from November 12, 2012 to April 16, 2015. Read the following sections to learn more about the investor allegations involving Chen.
Specifically, on November 27, 2024, a Course Management Investment Advisors LLC client filed Civil Action No. 24CV035939-910 about Albert Chen. Particularly, the client alleged that Chen breached his fiduciary duty. Supposedly, he failed to prevent a rapid loss of the client’s funds. As a result, the client allegedly experienced damages. Consequently, the client requested $25,000 in compensation from Course Management Investment Advisors LLC or Chen. Evidently, this civil suit is pending a resolution.
Also, a client of Course Management Investment Advisors LLC contested Albert Chen’s sales practices by filing Civil Action No. 24-CVS-209 on March 12, 2021. Allegedly, Chen made unsuitable recommendations and made omissions about risks of illiquid investments. It appears that Chen caused the client to sustain damages relating to banking products. So, the client seeks compensation from Course Management Investment Advisors LLC or Chen in the amount of $25,000 in this ongoing matter.
Do you need clarification on any investment losses relating to Albert Chen? You can contact Soreide Law Group at (888) 760-6552 or online and talk to a securities attorney. Soreide Law Group helps recover losses for investors throughout the country. Also, the firm takes investor cases on a contingency fee arrangement and advances all costs. Chen and brokerage firms Chen worked for deny accusations of sales practice violations.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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