One or more investors possibly experienced losses because of securities broker Jie Zheng [CRD: 4187935, New York, New York], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Zheng previously worked for Allied Millennial Partners LLC from January 17, 2014 to January 3, 2020. Read the following sections to know more about Zheng’s client disputes reported to FINRA.
Notably, a FINRA Arbitration No. 25-00434 was filed by a client about Jie Zheng. The client alleged that Zheng made unsuitable recommendations involving real estate securities. Because of this, the client allegedly experienced damages relating to REITs purchased in 2015. Consequently, on April 16, 2025, Allied Millennial Partners LLC settled this matter by paying the client $65,000.00 in damages.
Zheng was also named in two earlier client disputes involving other firms. One, dated February 1, 2013, involved allegations of unsuitability and settled for $20,000. Another, dated December 10, 2007, alleged the securities broker engaged in unsuitable trading given the client's investment objectives. That matter settled for $8,200.
Are you concerned regarding investments you made through Jie Zheng? You can touch base with Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm works on a contingency fee arrangement and advances all costs. Zheng and brokerage firms Zheng worked for deny accusations of sales practice violations.
JOHN LAWRENCE ALEX (JOHN L ALEX) has been registered both as a broker and financial advisor with MORGAN STANLEY of Morristown, New Jersey, since11/15/2011. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN L ALEX has 36 years of experience in the securities industry and has been registered with 4 firms. Alex […]
JOSEPH KELLY (JOE KELLY) has been registered as a broker with VCS VENTURE SECURITIES of New York, NY since 6/17/2026. He was previously registered with SPARTAN CAPITAL SECURITIES LLC of New York, NY from 01/13/2017 - 12/18/2024. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSEPH KELLY has 21 years of experience […]
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
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