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Investor Alleges Chinan Ou Made Unauthorized Transactions

Aug 4, 2022 Unauthorized Trading

Chinan Ou (CRD #: 2487121), a broker registered with Pruco Securities, was the subject of a recent investor dispute, according to his BrokerCheck record, accessed on July 22, 2022. Keep reading if you have questions about Chinan Ou’s conduct as a broker.

Investor Dispute

On April 22, 2022, an investor alleged that Chinan Ou conducted unauthorized transactions. The client also alleged unspecified loan issues. This dispute was denied by the firm.

However, investors should know that firms don’t need to allow an external review before denying disputes. Investors can still seek out FINRA arbitration following a denial and may be able to recoup their losses.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which restricts brokers from engaging in discretionary trading outside of discretionary accounts pre-approved by their client and firm. 

Background Information

Chinan Ou has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

He is a registered broker in 11 states.

Kurta Law Can Help

If you worked with Chinan Ou 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.