Investors reportedly complained about securities broker Chi Chui Mak [CRD: 5045071, Brooklyn, New York], based on disclosures found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Mak has worked with TD Private Client Wealth LLC since June 28, 2023, at both its New York, New York, and Brooklyn, New York, offices. Previously, Mak was employed by Infinex Investments Inc. in Flushing, New York, from October 3, 2018, to June 23, 2023. Keep reading to discover more about the disclosures involving Mak.
Particularly, an Essex National Securities LLC client filed FINRA Arbitration No. 23-03367 about Chi Mak. The client alleged that Mak misrepresented risks of real estate securities. Consequently, the investor allegedly incurred damages. Therefore, on December 6, 2024, Essex National Securities LLC settled this matter by paying the client $55,000 in damages.
Also, a client of Essex National Securities Inc. disputed Chi Mak’s sales practices by filing FINRA Arbitration No. 23-03254. Allegedly, Mak made unsuitable recommendations regarding real estate securities, resulting in damages. For this reason, Essex National Securities Inc. agreed to settle the matter on December 6, 2024, by paying $55,000.
Do you have concerns or questions regarding investments you made with Chi Mak? If so, reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a possible recovery of your investment losses. Soreide Law Group helps to recover losses for clients throughout the USA. The firm also works on a contingency fee basis and advances all costs. Mak and brokerage firms Mak worked for deny all allegations of sales practice violations.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
Webull Financial LLC (CRD 289063) is a brokerage firm based in New York, New York. FINRA censured and fined the firm $115,000 after finding it maintained inaccurate books and records of options order origin codes, according to an AWC issued August 17, 2026.
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