Soreide Law Group is reviewing possible investor claims against Cetera Investment Services LLC securities broker Clara Tang (CRD#: 4852979, Cupertino, California). Notably, the Financial Industry Regulatory Authority (“FINRA”) BrokerCheck Report for Clara Tang, who worked at Cetera Investment Services from August 2012 to May 2018, shows that at least two customers complained about her. The claims involving Clara Tang, summarized below, raises allegations of forgery, unsuitability, breach of fiduciary duty, and even elder abuse. Here is a summary of the investor disputes:

March 20, 2019 Complaint Concerning Cetera Investment Services, Clara Tang, Involves Forgery Allegations


Evidently, a Cetera Investment Services LLC customer took issue with Clara Tang’s conduct in filing a March 20, 2019 complaint with the brokerage firm. Allegedly, Tang permitted someone to forge the customer’s signature on investment documents. Then, the customer’s funds relocated without the customer’s permission into bad investments including real estate securities. Supposedly, the customer’s funds transferred to illiquid real estate investments which may have been unsuitable for the customer. Because of this, the customer seeks compensatory relief for the alleged forgery.

August 21, 2018 FINRA Arbitration Involving Tang, Possible Elder Financial Abuse

Cetera Investment Services, LLC also disclosed that a customer complained about Clara Tang’s sales practices in filing FINRA Arbitration #18-02896. Evidently, the customer’s claim, brought August 21, 2018, raises allegations of unsuitability. Particularly, the customer claimed that Tang, or someone under Tang’s supervision, invested the customer’s assets in Business Development Corporation of America (BDCA), which is a New York, New York based business development company. Typically, BDC investments are difficult to sell because they are not traded on a national exchange. Plus, they can contain high up-front costs. Allegedly, the BDCA investments was not suitable for the customer.

Secondly, the customer claimed that Cetera Investment Services or Clara Tang violated a fiduciary responsibility to the customer. Thirdly, Tang allegedly violated an investment agreement or contract under which the customer was a party. Finally, the customer claimed that Cetera Investment Services or Tang engaged in elder financial abuse. Because of this, the customer requested an undisclosed amount of compensatory damages in this ongoing matter.

Did Clara Tang Cause Your Investment Losses?

Lars Soreide Highest Ethical Standard Award 2018

Lars Soreide Highest Ethical Standard Award 2018

Have you experienced losses by investing with securities broker Clara Tang (who also goes by the names Qing Chen and Chen Tang)? If so, contact Soreide Law Group at (888) 760-6552. You’ll be able to speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms.