Joanna Wang Named in Allegations of Selling Away

Joanna Wang (CRD #: 4056171), a broker registered with LPL Enterprise, is involved in an investor dispute, according to her BrokerCheck record, accessed on May 3, 2025. Keep reading for details about her alleged conduct as a broker.

Investor Dispute

On March 10, 2025, an investor named Joanna Wang in allegations of the following:

• Misleading and fraudulent communications
• Failure to disclose compensation and conflicts of interest
• Recommendation of an unsuitable investment
• Selling away and unauthorized solicitation
• Failure to supervise
• Violations of record keeping rules
• Violations concerning sales of non-traded real estate investment trusts (REITs)

The client alleged that this misconduct took place between April 2013 and June 2015. They seek $495,000 in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions. The misrepresentation or omission of material facts violates this rule.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that suit an investor’s financial goals. Brokers must take into account the information described in an investor’s profile, such as their age, risk tolerance, and overall financial situation.

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

FINRA Rule 3280

FINRA Rule 3280 requires brokers to provide written notice to their firm before engaging in private securities transactions. This includes selling away, which is the practice of brokers selling investments not offered or approved by their firm.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish systems of supervision over their employees in order to detect and prevent violations of securities regulations. Firms must appoint supervisors and provide them with Written Supervisory Procedures (WSPs) to follow.

FINRA Rule 2010

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

Background Information

Joanna Wang has passed the following exams:

• General Securities Representative Examination – Series 7TO
• Securities Industry Essentials Examination – SIE
• Investment Company Products/Variable Contracts Representative Examination – Series 6
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination- Series 63

Joanna Wang is a registered broker in 19 states and a registered investment adviser in Illinois and Texas.

She has also worked for the following firms:

• Prudential Financial Planning Services (CRD#:5685)
• Pruco Securities (CRD#:5685)
• WMA Securities (CRD#:32625)

Kurta Law Can Help

If you worked with Joanna Wang 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.