Financial Industry Regulatory Authority (FINRA) BrokerCheck shows disclosures about securities broker Cathy Wu (also known as Ping Shuang Wu) [CRD: 4924232, Arcadia, California]. Cathy Wu joined Cetera Investment Services LLC on September 16, 2013, and joined Cetera Investment Advisers LLC on January 21, 2014. During her employment, she has been involved in client disputes concerning allegations of unsuitable investment recommendations and misrepresentation, leading to settlements. Keep reading for more details on the nature of these disputes and their resolutions.
On July 25, 2024, a client of Cetera Investment Services LLC filed a dispute, alleging that Cathy Wu misrepresented the nature of a real estate investment trust (REIT). The client asked for damages, but on this occasion, Cetera Investment Services LLC denied the complaint, and no compensation was awarded.
On November 24, 2021, a client filed a claim about Cathy Wu, alleging unsuitable investment recommendations related to real estate securities. The client asked for $330,000 in damages. Cetera Investment Services LLC settled the matter on this case, paying the client $105,000.
Additionally, on May 21, 2021, a client complained about Cathy Wu's alleged unsuitable investment recommendations concerning real estate securities. The client requested $75,000 in damages. Cetera Investment Services LLC settled this dispute on May 21, 2021, by compensating the client with $45,000.
On August 3, 2016, a client alleged that Cathy Wu misrepresented the potential price changes of a real estate security (BDC). The client requested $2,162.51 in damages, but Cetera Investment Services LLC denied the complaint, and no compensation was provided.
Also, on August 3, 2016, a different client of Cetera Investment Services LLC accused Cathy Wu of misrepresenting the price stability of a BDC. This client asked for $2,219.84 in damages, but like the previous case, the firm denied the complaint without any compensation awarded.
Contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney for more information. Wu and the firms she worked for deny accusations of sales practice violations. Soreide Law Group has experience representing investors throughout the country. The firm handles cases on a contingency basis.
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