Soreide Law Group explains investor claims concerning Lickhai Quach [CRD: 2804704, Rockville, Maryland] reported on FINRA BrokerCheck. Evidently, Quach worked for Transamerica Financial Advisors Inc. from January 6, 2012, to March 10, 2023. Notably, FINRA barred the broker, and investors filed disputes alleging sales practice violations. Here’s more on those disclosures.
On August 7, 2023, FINRA sanctioned Lickhai Quach, imposing a permanent bar as securities broker. The reason cited was Quach's refusal to provide documents and information during an investigation related to his termination from Transamerica Financial Advisors Inc. The firm's Form U5 indicated Quach resigned amid a review for policy violations, notably borrowing funds from a client.
Transamerica Financial Advisors Inc. ended its affiliation with Lickhai Quach on March 10, 2023. The grounds for termination concerned Quach's apparent admission of borrowing funds from a client.
A client lodged a complaint against Lickhai Quach, alleging that he borrowed funds and failed to repay them. This allegation led to a settlement by Transamerica Financial Advisors Inc. on April 5, 2023, where the client received $76,000 in damages.
Back on December 8, 2004, a client of WMA Securities Inc. accused Lickhai Quach of misrepresenting a variable annuity. The client sought $47,008.04 in compensatory damages from WMA Securities Inc. or Quach, alleging financial harm because of Quach's sales practices.
If you've been adversely affected by Lickhai Quach's actions, consider reaching out to Soreide Law Group online or at (888) 760-6552. The firm is dedicated to assisting investors nationwide in the recovery of investment losses. Soreide Law Group works on a contingency fee basis, advancing all related costs. Quach and his past employers refute any claims 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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