| Read Time: 2 minutes | LPL Financial Complaints |

As a client, you put your money in the hands of a broker that you can trust. This is why it’s critical to learn all there is to know about the individual managing your funds. This data might assist you in determining whether or not to deal with a specific individual.

We may be able to help you address any concerns or issues you have if you believe Chun Zhu has caused you financial damage.


Chun Zhu Of LPL Financial LLC And Formerly With Waddell & Reed Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Chun Zhu of LPL Financial LLC?

Chun Zhu (CRD #4863613) who is currently registered with LPL Financial LLC and located in Bellevue, Washington is a subject of one of our many securities industry sales practice abuse investigations.  Prior to LPL Financial LLC, Chun Zhu was associated with Waddell & Reed and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Chun Zhu Customer Complaints

Chun Zhu has been the subject of 3 customer complaints that we know about, 1 of those complaints was filed in the last year to recover investment losses. One of Chun Zhu’s 3 customer complaints resulted in an Award in favor of investor. Two of Chun Zhu’s customer complaints were denied and, to date, the customers have not taken any further action.

Allegations Against Chun Zhu

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Violation of Washington Securities Act, breach of fiduciary duty, negligence, and violation of FINRA rules related to variable annuity transaction.
  • Unnecessary switches of variable annuities resulting in surrender fees.
  • Misrepresentation regarding performance of retirement accounts that lead to liquidation and purchases of annuities.

Chun Zhu Red Flags & Your Rights As An Investor

Of course, Chun Zhu did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Chun Zhu at LPL Financial LLC and Waddell & Reed on alert to review carefully the activity and performance of their accounts and question whether Chun Zhu has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC and Waddell & Reed also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At LPL Financial LLC Due To Chun Zhu

If you have questions about LPL Financial LLC, Waddell & Reed, and/or Chun Zhu and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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