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Edward Yao Fired from EastGate Securities for Alleged Misconduct

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
September 29, 2025 at 10:34pm

Edward Yao (CRD #: 4492542), a broker formerly registered with Eastgate Securities, was fired from that firm, according to his BrokerCheck record, accessed on September 3, 2025. Read on if you have questions about his alleged conduct as a broker.

Termination from EastGate Securities

On June 16, 2025, Edward Yao was fired from EastGate Securities following allegations that, as the firm’s CEO/CCO and Financial and Operational Principal, he conducted business that the firm was not approved for.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Edward Yao has passed the following exams:

  • General Securities Principal Examination – Series 24
  • Financial and Operations Principal Examination – Series 27
  • Limited Representative-Private Securities Offerings – Series 82TO
  • General Securities Representative Examination – Series 7TO
  • Investment Banking Registered Representative Examination – Series 79TO
  • Securities Industry Essentials Examination – SIE
  • Investment Company Products/Variable Contracts Representative Examination – Series 6
  • Uniform Securities Agent State Law Examination – Series 63

He previously worked for the following firms:

  • EastGate Securities (CRD#:146671)
  • World Group Securities (CRD#:114473)
  • WMA Securities (CRD#:32625) 

Kurta Law Can Help

If you worked with Edward Yao 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 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. 

 

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