Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Fred Chen (also known as Fredrick Chen) [CRD: 5766069, Irvine, California]. Fred Chen worked
for LPL Financial LLC from August 17, 2017, to May 15, 2018, Arque Capital, Ltd. from May 8, 2018, to February 24, 2020, and has been employed with Emerson Equity LLC since January 22, 2020. Recent disclosures reveal concerns about Chen’s conduct, including allegations of breaches of fiduciary duty, negligence, and regulatory violations.
On October 10, 2024, a client of Emerson Equity LLC filed a FINRA arbitration [Case No. 24-02152], alleging breach of fiduciary duty, negligence, negligent misrepresentation, breach of contract, overconcentration, and violation of Regulation BI. Damages are unspecified. This matter is currently pending resolution.
On August 27, 2024, another client of Emerson Equity LLC filed a FINRA arbitration [Case No. 24-01843], alleging breach of contract, breach of fiduciary duty, negligence, gross negligence, misrepresentations, and omissions. The client also alleged violations of FINRA rules, federal securities laws, and the California Securities Act. Damages sought include $600,000 in compensatory damages. This case is pending resolution.
On August 20, 2024, a client filed a FINRA arbitration [Case No. 24-01942] against Fred Chen and Emerson Equity LLC. The claim involves allegations of breach of fiduciary duty, negligence, negligent misrepresentation, breach of contract, overconcentration, and violation of Regulation BI. The claims pertain to corporate debt products purchased between 2020 and 2021. Damages requested include compensatory damages, interest, and punitive damages. This matter is pending resolution.
On December 1, 2022, a client complaint was filed against Emerson Equity LLC, alleging negligence, unsuitable recommendations, misrepresentations and omissions, breach of fiduciary duty, and violations of FINRA rules. The dispute involved corporate debt products, and the client sought $100,000 in damages. On June 3, 2024, the matter settled for $30,000.
Looking for more information about Fred Chen? If so, reach out to Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. With experience representing investors across the U.S., Soreide Law Group works on contingency, advances costs, and helps clients recover losses from sales practice misconduct when possible. Fred Chen and the firms he worked for deny accusations of sales practice violations.
Delaware Statutory Trusts sponsored by Versity Investments are at the heart of each pending claim on Edward Fernandez's BrokerCheck report. Fernandez (CRD 2956661) is the broker, and the disclosures name Capulent as the firm. The claims are pending, and their allegations are unproven. In statements on BrokerCheck, Fernandez denies them.
A pending customer claim tops April Waldman's BrokerCheck report, and an older dispute at the same firm settled in 2024. Waldman (CRD 4653460) is the broker on both, and each names Centaurus Financial as the firm. The pending claim is an unproven allegation, and no arbitrator has ruled on it.
Lisa Hallaian of Cambridge Investment Research is the broker named in a pending customer arbitration over a non-traded REIT investment. Hallaian's CRD number is 1485651. The claim's allegations are unproven, and no arbitrator has ruled on them.
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