Toni Chen and TransAmerica Financial Advisors
Have you lost money with financial advisor Toni Chen of Alhambra, California? We are investigating allegations made by the Securities and Exchange Commission (SEC) against Toni Tong Chen. The SEC barred Chen from the securities industry, alleging that she participated in a pyramid scheme.
The SEC alleged that Chen participated in a pyramid scheme called CKB186 that targeted the Asian American community between May 2012 and August 2013. She represented that the investments were in an internet-based company that sold children’s books. Chen pled guilty to a related criminal matter in March 2016.
Toni Chen was a financial advisor and registered representative of TransAmerica Financial Advisors, Inc. from January 2012 to August 2012. She worked at a branch office in Alhambra, California. Chen has been the subject of at least three customer complaints.
Brokerage firms like TransAmerica Financial Advisors have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Chen SEC AWC
Click to view: Chen BrokerCheck 7.11.16
HAVE YOU LOST MONEY WITH TONI CHEN OR TRANSAMERICA FINANCIAL ADVISORS?
CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION
Denver Office: (720) 599-3505
Seattle Office: (206) 795-5798