Investors have come forward with complaints about Howard Hsieh (also known as Howard Hao-Chung Hsieh) (CRD: 4947882, Irvine, California). Particularly, the securities broker, who worked for Cetera Investment Services LLC, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Cetera Investment Services LLC clients allege that Hsieh made unsuitable recommendations. For more on these disclosures about Hsieh, see below. Although, keep in mind that Hsieh denies the allegations against him.
Particularly, a client of Cetera Investment Services LLC contested Howard Hsieh’s sales practices by filing FINRA Arbitration: 22-02957 on December 23, 2022. Allegedly, Hsieh made unsuitable recommendations. It appears that Hsieh caused the client to sustain damages on real estate securities. Therefore, the client seeks compensatory relief from Cetera Investment Services LLC or Hsieh in this ongoing matter.
Evidently, on December 9, 2022, a Cetera Investment Services LLC client filed FINRA Arbitration: 22-02806 about Howard Hsieh. Namely, the client alleged that Hsieh provided unsuitable advice. Because of this, the client allegedly sustained damages on real estate securities. Therefore, the client requested $300,000 in compensation from Cetera Investment Services LLC or Hsieh. BrokerCheck shows that this arbitration is pending a resolution.
Also, a client of Cetera Investment Services LLC contested Howard Hsieh’s sales practices by filing FINRA Arbitration: 22-01094 on June 22, 2022. Allegedly, Hsieh overconcentrated accounts in certain investments, breached fiduciary duties, was negligent, and failed to supervise certain registered representatives. It appears that Hsieh caused the client to sustain damages on real estate securities. Therefore, the client seeks compensatory relief from Cetera Investment Services LLC or Hsieh in the amount of $120,000 in this ongoing matter.
Additionally, a Cetera Investment Services LLC client filed a complaint about Howard Hsieh. Namely, the client alleged that Hsieh recommended investments that poorly performed. Because of this, the client allegedly sustained damages on real estate securities. Therefore, on May 2, 2022, Cetera Investment Services LLC settled this matter by paying the client $25,000 in damages.
Also, a client of Cetera Investment Services LLC contested Howard Hsieh’s sales practices by filing FINRA Arbitration: 19-01788. Allegedly, Hsieh breached a contract and violated state laws. It appears that Hsieh caused the client to sustain damages on real estate securities. Therefore, Cetera Investment Services LLC opted to settle the matter on April 27, 2022, by compensating the client in the amount of $290,000.
Moreover, a Cetera Investment Services LLC client filed a complaint about Howard Hsieh. Namely, the client alleged that Hsieh made unsuitable recommendations. Because of this, the client allegedly sustained damages on REITs. Therefore, on November 24, 2021, Cetera Investment Services LLC settled this matter by paying the client $450,000 in damages.
Also, a client of Cetera Investment Services LLC contested Howard Hsieh’s sales practices, according to a complaint dated August 19, 2020. Allegedly, Hsieh made misrepresentations of material fact. Supposedly, Hsieh caused the client to sustain damages on real estate securities. Therefore, the client requested compensatory relief from Cetera Investment Services LLC or Hsieh. However, this complaint is denied.
Did Cetera Investment Services LLC Securities Broker Howard Hsieh Cause You To Experience Damages?
Incurred damages because of Howard Hsieh? You should contact Soreide Law Group at (888) 760-6552 and speak with a securities attorney about potentially recovering your investment losses. Soreide Law Group, who has successfully recovered funds for many investors in all 50 states, represents investors like you on a contingency fee basis and advances all costs. Hsieh and brokerage firms Hsieh worked for deny any and all allegations of sales practice violations.
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