Investors possibly experienced sales practice violations because of securities broker Hui Zhang (also known as Celia Zhang) [CRD: 5918387, San Gabriel, California], according to disclosures on FINRA BrokerCheck. Zhang worked for Cetera Investment Services LLC in Alhambra, California, from January 28, 2013, to March 6, 2020, and Cetera Investment Advisers LLC in San Marino, California, from January 21, 2014, to March 6, 2020. Currently, Zhang works for Independent Financial Group LLC in San Gabriel and Diamond Bar, California, since September 1, 2020. Below, you can find important information about the disclosures involving Hui Zhang.
Zhang Disclosed Unsuitable Recommendations Allegations By Cetera Investment Services LLC Client
Particularly, a client of Cetera Investment Services LLC contested Hui Zhang’s sales practices by filing FINRA Arbitration No. 25-00430 on February 28, 2025. Allegedly, Zhang made unsuitable recommendations. Allegedly, Zhang caused the client to sustain damages through investments in real estate securities. As a result, the client seeks compensation from Cetera Investment Services LLC or Zhang in the amount believed to exceed $5,000 in this ongoing matter.
Investor Accused Hui Zhang Of Unsuitable Recommendations
Also, a Cetera Investment Services LLC client filed FINRA Arbitration No. 23-00200 about Hui Zhang. Supposedly, Zhang gave unsuitable advice about real estate securities. For this reason, on September 3, 2023, Cetera Investment Services LLC settled this matter by paying the client $240,000.00 in damages.
Zhang Disclosed Unsuitable Advice Allegations By Cetera Investment Services LLC Client
Additionally, a client of Cetera Investment Services LLC contested Hui Zhang’s sales practices by filing FINRA Arbitration No. 22-00241. Allegedly, Zhang made unsuitable recommendations. Allegedly, Zhang caused the client to sustain damages through investments in fixed annuities. Therefore, Cetera Investment Services LLC opted to settle the matter on February 24, 2023, by compensating the client in the amount of $400,000.00.
Cetera Investment Services LLC Investor Accused Hui Zhang Of Misrepresentation
Specifically, on January 26, 2022, a Cetera Investment Services LLC client filed a complaint about Hui Zhang. Allegedly, Zhang made misrepresentations. Because of this, the client allegedly incurred damages through investing in real estate investment trusts. As a result, the client requested $5,000.00 in compensation from Cetera Investment Services LLC or Zhang. However, the firm denied this complaint.
Hui Zhang Disclosed Sales Practice Allegations By Cetera Investor
Particularly, a client of Cetera Investment Services LLC contested Hui Zhang’s sales practices by filing FINRA Arbitration No. 21-01672. Allegedly, Zhang made unsuitable recommendations concerning real estate securities. Because of this, Cetera Investment Services LLC chose to settle the matter on December 13, 2022, by compensating the client in the amount of $200,000.00.
Are you concerned regarding investments you made with Hui Zhang? If so, contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney about a possible recovery. Soreide Law Group has substantial experience recovering losses for clients located throughout the country. The firm also works on a contingency fee basis and advances all costs. Zhang and the securities firms Zhang worked for deny allegations of sales practice violations.
