Celeste Leung is Involved in a Variable Annuity Dispute

Celeste Leung (CRD #: 4812260), a broker registered with J.P. Morgan, is the subject of an investor dispute involving a variable annuity. This dispute appears on her BrokerCheck record, accessed on December 20, 2023. Investors should keep reading if they have questions. 

On November 9, 2023, an investor alleged that Celeste Leung misrepresented a variable annuity. The investor sought $94,217.50 but the dispute was denied by the firm. Investors should know, however, that firms can deny disputes without any external review. Our securities attorneys can still recover losses following a denial via FINRA arbitration. 

What is a Variable Annuity? 

Variable annuities are complex investments. They are insurance products that come with an investment component. The associated fees, surrender charges, and potential tax liability can negate any supposed benefits they offer. Furthermore, the risk associated with this type of illiquid investment makes it unsuitable for many investors. 

Misrepresentation

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence the purchase and sale of securities. Misrepresenting an investment’s risks, requirements, or other features violates this rule.

Background Information

Celeste Leung has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Principal Examination 

She is a registered broker in 15 states and is a registered investment adviser in California and Texas.

Celeste Leung has registered with three firms in 18 years: 

• J.P. Morgan Securities (CRD #: 79) 
• Amerivest Investment Management (CRD #: 111514) 
• TD Ameritrade (CRD #: 7870) 

Kurta Law Can Help 

If you have worked with Celeste Leung and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.