National investment loss lawyers KlaymanToskes is investigating broker Weina Hou (CRD #5901613) formerly of Cetera Investment Services. Hou is currently registered as a broker and investment advisor with Ameriprise Financial Services.
According to FINRA BrokerCheck, broker Weina Hou of Cetera Investment Services is facing an investor complaint, alleging unsuitable recommendations to invest in structured products, and $700,000 in damages. A second investor complaint previously alleged misrepresentation of corporate bond investment, however this complaint was denied by the firm. A third customer complaint was settled in favor of the investor for $92,500.
Investors that suffered losses with broker Weina Hou 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.
Weina Hou, a financial advisor in California, is facing customer allegations related to unsuitable investment recommendations. Hou’s BrokerCheck report discloses three total complaints from investors.
The first complaint, filed in 2022, alleged misrepresentation and unsuitable recommendations to purchase structured product investments. The complaint was settled in favor of the investor for $92,500.
A second customer complaint filed in September 2024, alleged Hou misrepresented a corporate bond investment while working with Cetera Investment Services. This complaint was denied by the firm.
A third complaint is currently pending and alleges $700,000 in investor damages due to unsuitable recommendations to invest in structured products.
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 encourage 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 Weina Hou, or have concerns regarding your investment portfolio at Cetera Investment Services, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation to discuss potential recovery options.