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Emily Cheng Allegedly Gave Unsuitable Investment Recommendations

Emily Cheng (CRD #: 5719286), a broker registered with Wells Fargo Clearing Services, allegedly recommended unsuitable investments, according to her BrokerCheck record, accessed on May 17, 2025. Investors may have also engaged her services through Wells Fargo Advisors. Keep reading if you have questions about her alleged conduct as a broker.

Investor Dispute

On March 5, 2025, an investor filed a dispute alleging that Emily Cheng made unsuitable investment recommendations. This dispute is pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must use the information in an investor’s profile, such as their age, risk tolerance, and tax status when making recommendations.

Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.

Background Information

Emily Cheng 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

Emily Cheng is a registered broker and a registered investment adviser in California.

She has also worked for the following firms:

  • Bancwest Investment Services (CRD#:29357)
  • Northwestern Mutual Investment Services (CRD#:2881)
  • J.P. Morgan Securities (CRD#:79)
  • Citigroup Global Markets (CRD#:7059)
  • Cetera Investment Advisers (CRD#:105644)
  • Cetera Investment Services (CRD#:15340)
  • Maia Securities (CRD#:111394)

Kurta Law Can Help

If you worked with Emily Cheng 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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