National investment loss lawyers KlaymanToskes is investigating broker Bob Chung (CRD# 6208569) a/k/a Unbo Chung of Arete Wealth Management and Center Street Securities.
According to FINRA BrokerCheck, broker Bob Chung is being investigated by the U.S. Securities and Exchange Commission (“SEC”) for his recommendations and sales of Zona Energy, Inc. without receiving Arete’s approval, in a prohibited practice called “selling away.” Broker Bob Chung is currently involved in several customer complaints alleging unsuitable investment recommendations.
Investors that suffered losses with broker Bob Chung are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Financial advisor Bob Chung of Arete Wealth Management, and Center Street Securities, is currently facing several customer complaints alleging unsuitable investment recommendations. Chung has been hit with multiple complaints seeking over $100,000 in investor damages.
Further, Chung is being investigated by the U.S. Securities and Exchange Commission (“SEC”) in connection with findings that Arete Wealth Management, LLC, Arete Wealth Advisors, LLC, along with registered representatives Joey Dale Miller, Jeffrey Scott Larson, Randall Scott Larson, and UnBo (Bob) Chung, allegedly solicited dozens of their customers and clients to purchase stock in Zona Energy, Inc. without receiving Arete’s approval and therefore not subject to its compliance oversight, a prohibited practice called “selling away.”
According to FINRA BrokerCheck, broker Bob Chung is employed with Arete Wealth Management in Chicago, IL, and was previously registered with Center Street Securities from October 2021 to November 2023.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Bob Chung, or have concerns regarding your investment portfolio at Arete Wealth Management, Center Street Securities, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.