Soreide Law Group is conducting an investigation into WESTERN INTERNATIONAL SECURITIES, INC. of Pasadena, California, financial advisor, KAREN TRAN CHUNG (KAREN CHUNG).
According to FINRA’s BrokerCheck, KAREN CHUNG, has been in the securities industry for 20 years and has been listed with 4 firms. She is currently listed with, WESTERN INTERNATIONAL SECURITIES, INC., 70 S. Lake Ave., Pasadena, California. She has been with this firm since 2007 and is listed both as a broker and as a financial advisor. KAREN CHUNG has one disclosure listed on her FINRA CRD report, a “Customer Dispute,” dated February 16, 2022. The allegations were, “Failure to Supervise,” and the damage amount requested was $16,440,221.00. The settlement amount was $2,760,000.00. There is a broker comment listed on the dispute, “Subject was erroneously named as a "control" person in the statement of claim and denies any liability, involvement, or responsibility of any of the customer accounts or transactions at issue.”
According to a recent publication, WESTERN INTERNATIONAL SECURITIES, has had issues with the SEC. In June of 2022, the SEC charged Western International and five advisors with violations relating to alternative investments, such as GWG L Bonds. Western International recently paid a fine and restitution to its clients for $870,000, over allegations regarding unsuitable recommendations in non-traded REITs and ETFs.
Broker/dealers such as WESTERN INTERNATIONAL SECURITIES are responsible for the supervision of all of the activities of their registered brokers and investment advisors, such as KAREN CHUNG, according to the rules of FINRA. Investors may be able to recovery their financial losses if their broker/dealer fails to supervise their registered representatives.
If you or a loved one have experienced financial losses due to the actions or recommendations of broker/financial advisor, KAREN CHUNG, currently registered with, WESTERN INTERNATIONAL SECURITIES, INC. of Pasadena, California, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com