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Alan Au Allegedly Misrepresented an Investment’s Liquidity 

Jul 27, 2023 Misrepresentation

Alan Au (CRD #: 6337320), a broker registered with JP Morgan Securities, is facing allegations that he misrepresented an investment, according to his BrokerCheck record, accessed on July 21, 2023. Keep reading for more details.

On May 25, 2023, an investor alleged that Alau Au told them that their investment would be liquid after four years, which was not the case. Misrepresentation violates FINRA Rule 2020. The investor is seeking $70,240; the dispute is pending. 

FINRA Rule 2020 

FINRA Rule 2020 prohibits the misrepresentation of an investment and the omission of material facts such as an investment’s potential returns, risks, or limitations. Failing to accurately describe an investment’s liquidity may violate FINRA Rule 2020. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 may also violate FINRA Rule 2010.

Background Information 

Alan Au has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 11 states and is a registered broker in New Jersey, New York, and Texas. 

Alan Au has worked with the following firms: 

  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
  • Infinex Investments (CRD #: 35371) 
  • Essex National Securities (CRD #: 25454)

Kurta Law Can Help

If you worked with Alan Au and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

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