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Ivan Cen Allegedly Committed Unauthorized Trading

Aug 31, 2022 Unauthorized Trading

Ivan Cen (CRD #: 5474263), a broker registered with Cetera Investment Services, is the subject of a pending investor dispute, according to his BrokerCheck record, accessed on August 6, 2022. Investors may also have worked with him through Cetera Investment Advisers. Read on to learn more about his conduct as a broker.

Investor Dispute

On May 25, 2022, an investor named Ivan Cen in a dispute alleging unauthorized trading. This dispute was denied by the firm.

Investors should know that firms can deny disputes without an outside review, and they can still pursue FINRA arbitration following a denial.

In a dispute filed on July 1, 2021, an investor alleged that Ivan Cen recommended unsuitable investments. This dispute remains pending.

FINRA Rule 3260

FINRA Rule 3260 requires brokers to receive written approval from their clients before engaging in discretionary trading. Discretionary accounts must also receive approval from the firm before this trading can occur.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. An investor’s profile includes information about their risk tolerance, financial goals, and age.

Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.

Background Information

Ivan Cen has passed the following exams:

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

Ivan Cen is a registered broker in Arizona and California, and a registered investment adviser in California.

He has also worked for the following firms:

  • LPL Financial (CRD#:6413)
  • World Group Securities (CRD#:114473)
  • Investment Advisors International (CRD#:139233)
  • Northwestern Mutual Investment Services (CRD#:2881)
  • Ameriprise Financial Services (CRD#:6363)

Kurta Law Can Help

If you worked with Ivan Cen and you have concerns about your investments, please contact us today at 877-600-0098 or 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.