Lei Shen, Formerly with Independent Financial Group, Subject of Three Customer Complaints

ORANGE, CALIFORNIA

 Did you lose money investing with financial advisor Lei Shen in Orange, California? Our law firm is looking into claims made against Lei Shen, who worked with Independent Financial Group from January 2015 to January 2020.

According to FINRA’s BrokerCheck, a database that contains disclosures about customer complaints or regulatory investigations into financial advisors, Lei Shen has been the subject of three customer complaints, two of which were made in the last year-and-a-half.  The two most recent complaints allege investment losses in real estate investment trusts (or REITs) and business development companies (BDCs).  A 2023 complaint alleges $1.5 million in losses related to REITs and BDCs.

Lei Shen had been affiliated with four other companies prior to Independent Financial Group, and since January 2020, Shen has been licensed with NI Advisors.  Shen has worked in Orange, California.

Financial advisors must make suitable investment recommendations per FINRA Rule 2111.  If the broker fails to do so, brokerage firms like Independent Financial Group could be found liable for investor losses.

Israels & Neuman is a securities arbitration law firm with offices in Denver, Seattle, and Phoenix.  We represent investors throughout southern California as well.

View Shen, l BrokerCheck 2.20.23

If you lost money with Lei Shen or Independent Financial Group, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.