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Yuting Cheng Of Wells Fargo Clearing Services, LLC And Formerly With Bancwest Investment Services, Inc. Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Yuting Cheng of Wells Fargo Clearing Services, LLC?

Yuting Cheng

Yuting Cheng (CRD #5719286) who is currently registered as a broker and investment adviser with Wells Fargo Clearing Services, LLC and located in Arcadia, California is a subject of one of our many securities industry sales practice abuse investigations. Prior to Wells Fargo Clearing Services, LLC, Yuting Cheng was associated with Bancwest Investment Services, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Yuting Cheng Customer Complaints

Yuting Cheng has been the subject of 3 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Yuting Cheng’s 3 customer complaints was settled in favor of investors. One of Yuting Cheng’s customer’s complaints was denied and, to date, the customer has not taken any further action. The most recent customer complaint remains pending in a FINRA arbitration proceeding.

Allegations Against Yuting Cheng

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

  • Client alleged Yuting Cheng’s misrepresentation regarding managed account investment.
  • Client alleged she was not advised by Yuting Cheng and unaware that the product she purchased was a business development company, illiquid and that she could lose her principal.
  • Unsuitable investment recommendations.

Yuting Cheng Red Flags & Your Rights As An Investor

Of course, Yuting Cheng 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 Yuting Cheng at Wells Fargo Clearing Services, LLC and Bancwest Investment Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Yuting Cheng has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Wells Fargo Clearing Services, LLC and Bancwest Investment Services, Inc. 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.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Wells Fargo Clearing Services, LLC Due To Yuting Cheng

If you have questions about Wells Fargo Clearing Services, LLC, Bancwest Investment Services, Inc. and/or Yuting Cheng 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.

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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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