Unfortunately, the investors in the large Chinese Internet companies, especially in the past two years, have lost a major part of their investments. Baidu (BIDU), is down 40 percent, Sina (SINA) down 60 percent, and Renren (RENN) down 85 percent. The once popular investments are now finding a huge decline.
The decline can be attributed in part to a sluggish performance of the Chinese market. However, Chinese Internet companies have their own specific problems. The majority of these companies suffer from a lack of profitability, and some have had problems with regulators both in China and the U.S.
If you have experienced financial losses due to your stockbroker or financial advisor’s recommendations in these and other Chinese Internet companies, call Soreide Law Group for a free consultation with an attorney at: 888-760-6552.
Investors apparently complained about securities broker Matthew Robert Westberry (also known as Matt Westberry) [CRD: 4908745, Marion, Iowa], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Westberry worked for SCF Securities Inc. from February 28, 2022, to October 23, 2024, and previously worked for LPL Financial LLC from August 10, 2018, to […]
Investors may have suffered financial harm by securities broker Joseph Anthony Monaco Jr. [CRD: 1398158, Melville, New York], given the public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Monaco worked for Oppenheimer Co. Inc. from June 7, 2023, to December 6, 2024, and previously worked for Stifel Nicolaus from June 25, 2014, to […]
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