Soreide Law Group is currently investigating potential claims on behalf of investors who have encountered financial setbacks potentially linked to the actions of securities broker Rebecca King Wah Ng-Tsang [CRD#: 5578435, Bellevue, Washington]. Ng-Tsang was previously affiliated with Cetera Investment Services LLC in Bellevue, Washington, from January 3, 2013, to November 11, 2021. This overview seeks to inform investors who may have been negatively impacted by Ng-Tsang's conduct, with a focus on the specific disclosures provided below.
Cetera Investor Alleged Misrepresentation By Rebecca Ng-Tsang
Particularly, on April 20, 2023, a client of Cetera Investment Services LLC lodged a complaint against Rebecca Ng-Tsang. The client claimed that Ng-Tsang misrepresented an investment, leading to purported losses in real estate investment trusts. Consequently, the client sought $400,000 in compensation from either Cetera Investment Services LLC or Ng-Tsang directly.
Claims Of Misrepresentation By Cetera Client
Notably, a Cetera Investment Services LLC client contested the sales practices of Rebecca Ng-Tsang, according to a complaint dated March 17, 2023. Specifically, the claim involves allegations of misrepresentation of a product, purportedly resulting in damages linked to real estate securities. The client is seeking compensatory relief of $5,000 or more from Cetera Investment Services LLC or Ng-Tsang in connection with these claims.
Unsuitable Recommendations Alleged By Cetera Client
On April 13, 2022, an investor with Cetera Investment Services LLC initiated FINRA Arbitration No. 22-00733 concerning Rebecca Ng-Tsang. The investor's issue centered around allegations of unsuitable investment recommendations involving fixed annuities, leading to purported financial losses. The client is seeking an undisclosed amount in damages, believed to be $5,000 or more, from either Cetera Investment Services LLC or Ng-Tsang. Currently, this arbitration is awaiting resolution.
Additional Misrepresentation Allegations
Moreover, another complaint lodged on November 21, 2021, by a Cetera Investment Services LLC client, challenges the sales practices of Rebecca Ng-Tsang. The allegations involve misrepresentation of real estate securities, with the client seeking compensatory relief from either Cetera Investment Services LLC or Ng-Tsang.
Settlement Of Cetera Client’s Misrepresentation Claim
A notable complaint against Rebecca Ng-Tsang involved allegations of product misrepresentation, resulting in client losses in real estate investment trusts. On March 22, 2018, Cetera Investment Services LLC resolved this matter by compensating the client with $22,955.72.
Seeking Recovery For Your Losses?
Have you suffered losses due to the actions of Rebecca Ng-Tsang? If so, you can connect with Soreide Law Group online or by calling (888) 760-6552 to explore the potential for recovering your investment losses. Soreide Law Group has a track record of recouping losses for investors nationwide and operates on a contingency fee basis, absorbing all costs. Ng-Tsang and her former employer, Cetera Investment Services LLC, refute any claims of sales practice violations.
