Joseph Chu Facing Suitability Disputes

Investors have come forward with complaints about securities broker Joseph Ijong Chu [CRD#: 4546805, Stamford, CT]. Chu has been employed by (1) RBC Capital Markets LLC from 2018-Present as a broker and as an investment advisor. He was associated with Merrill Lynch from 2002-2018.

Evidently, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses RBC Capital Markets investor disputes involving Chu. Specifically, RBC Capital Markets clients allege that Chu made unsuitable transactions. For more on these disclosures about Chu, see below.

RBC Capital Markets Client Accuses Joseph Chu Of Unsuitable Trading

Evidently, a client of RBC Capital Markets contested Joseph Chu's sales practices by filing FINRA Arbitration #: 22-01226 on July 19, 2022. Supposedly, Chu made unsuitable transactions. Allegedly, the stock transactions connected to this securities broker caused the client to sustain damages. Therefore, the client seeks compensatory relief from RBC Capital Markets or Chu in the amount of $460,000 in this ongoing matter.

RBC Capital Markets Client Accuses Chu Of Asset Overconcentration

Also, on February 22, 2022, an RBC Capital Markets client filed FINRA Arbitration #: 22-00378 about Joseph Chu. Specifically, the client alleged that Chu overconcentrated the client's account. Because of this, the client purportedly sustained damages pertaining to investments in over-the-counter equities. Therefore, the client requested $866,302.56 in compensation from RBC Capital Markets or Chu. Evidently, this arbitration is pending a resolution.

Chu Allegedly Makes Unsuitable Transactions In Account Of RBC Capital Markets Client

Also, a client of RBC Capital Markets contested Joseph Chu's sales practices by filing FINRA Arbitration #: 22-00262 on February 7, 2022. Supposedly, Chu engaged in unsuitable trading. Allegedly, the over-the-counter equities transactions involving this securities broker resulted in damages for the client. Therefore, the client seeks compensatory relief from RBC Capital Markets or Chu in the amount of $500,000 in this ongoing matter.

RBC Capital Markets Client Accuses Joseph Chu Of Unsuitable Recommendations

Evidently, a client of RBC Capital Markets contested Joseph Chu's sales practices by filing FINRA Arbitration #: 21-03025 on January 12, 2022. Supposedly, Chu made unsuitable recommendations. Allegedly, the over-the-counter equities transactions connected to this securities broker caused the client to sustain damages. Therefore, the client seeks compensatory relief from RBC Capital Markets or Chu in the amount of $1,102,631.69 in this ongoing matter.

Did RBC Capital Markets, Securities Broker Joseph Chu Cause You To Experience Damages?

Have you experienced damages because of investing through securities broker Joseph Chu? If so, get in touch with Soreide Law Group at (888) 760-6552 to discuss your situation with a securities lawyer about a possible recovery of your investment damages. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients through a contingency fee arrangement and advances all costs. Chu and brokerage firms Chu associated with deny all allegations against them.