Haiguang Yin Allegedly Recommended Unsuitable Investments

Haiguang Yin (John Yin) (CRD #: 3249933), a broker registered with Packerland Brokerage Services, allegedly recommended unsuitable investments. This is according to his BrokerCheck record, accessed on May 17, 2025. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 5, 2025, multiple investors filed a dispute alleging that Haiguang Yin made unsuitable investment recommendations. This dispute is pending.

On April 16, 2024, investors alleged that Haiguang Yin recommended an unsuitable investment which resulted in losses. The investor further alleged he misrepresented the risks and breached his fiduciary duty. The investor is seeking $500,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Misrepresentation

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

Fiduciary Duties

A fiduciary duty is a duty to work in a client’s best interest. Brokers are not fiduciaries, but they must follow the rules set forth by FINRA Rule 2111 and Regulation Best Interest. Registered Investment Advisers (RIAs) are fiduciaries, and brokers are often dually registered as RIAs.  (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Background Information 

Haiguang Yin has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

Haiguang Yin has registered with the following firms:

• Packerland Brokerage Services (CRD #: 37031) 
• Cetera Investment Services (CRD #: 15340) 
• LPL Financial (CRD #: 6413) 
• UVest Financial Services (CRD #: 13787)
• UCB Investment Services (CRD#:125574)
• IFMG Securities (CRD#:14416)
• AXA Advisors (CRD#:6627)
• The Equitable Life Assurance Society of the United States (CRD#:4039)

Kurta Law Can Help 

If you have worked with Haiguang Yin and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.