FINRA Sanctions Wenru Liang

Soreide Law Group is investigating possible investor claims against Wenru Liang (also known as Wenru Liang) (CRD: 5157279, Columbia, Maryland). Evidently, FINRA sanctioned the securities broker, who worked for Transamerica Financial Advisors Inc. Here is a brief summary of FINRA’s allegations against Liang.

FINRA Sanctions Wenru Liang

Particularly, on February 12, 2021, FINRA issued Case: 2018058750802 sanctioning Wenru Liang for infractions. Specifically, Liang helped a Transamerica Financial Advisors Inc. client name her as a beneficiary of the client’s variable annuity.

In addition, FINRA says that Liang misrepresented her relationship with the client to the annuity issuer and then tried to hide her actions from Transamerica Financial Advisors. Supposedly, the client’s family members complained about this, and during an internal review, Liang reportedly denied having been designated as a beneficiary. For this reason, Lang received a six-month suspension and a fine of $7,500.

Transamerica Financial Advisors Inc. Disaffiliates With Liang For Failure To Comply With Internal Investigation

Liang worked for Transamerica Financial Advisors Inc. in Columbia, MD, as a securities broker from January 2012 to August 2020. Notably, on August 7, 2020, Transamerica Financial Advisors Inc. disaffiliated with Liang. Mainly, Transamerica Financial Advisors Inc. alleged that Liang failed to comply with an internal investigation.

Damages Resulting From Transamerica Financial Advisors Inc. Securities Broker Wenru Liang?

Did you sustain damages by investing with Wenru Liang? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities attorney about potentially recovering your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Liang and brokerage firms Liang worked for deny any and all allegations of sales practice violations.