Investors Allege June Hung Misrepresented Investments

June Hung (CRD #: 4752296), a broker registered with Independent Financial Group, allegedly misrepresented investments, according to her BrokerCheck record, accessed on May 17, 2025. If you want to know more about her alleged conduct as a broker, keep reading.

Investor Disputes

On March 4, 2025, an investor alleged that June Hung sold an unsuitable alternative investment and misrepresented it as without risk and guaranteed to provide income. This dispute is currently pending.

A dispute filed on January 19, 2023, alleged that June Hung recommended illiquid, speculative, and high-commission non-traded real estate investment trusts (REITs) and Business Development Companies (BDCs) from 2012-2015. This dispute was settled for $133,000.

On July 14, 2021, an investor alleged that June Hung recommended that they invest their savings in various alternative securities. She allegedly misrepresented these investments as safe, guaranteed to pay regular income, and stated that they would yield substantial profits once the issuers went public. The investor sought $300,000 and received a settlement of $65,000.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must examine the information contained in an investor’s profile, such as their age, tax status, risk tolerance, and investing experience.

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

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence investors’ decisions. The misrepresentation or omission of material facts violates this rule.

Background Information

June Hung has passed the following exams:

• Series 66 Uniform Combined State Law Examination
• Series 63 Uniform Securities Agent State Law Examination
• Securities Industry Essentials Examination
• Series 7 General Securities Representative Examination

She is a registered broker in California, Michigan and Washington. She is also a registered investment adviser in California.

June Hung has previously worked with the following firms:

• Voya Financial Advisors (CRD #: 2882)
• Legacy Advisory Services (CRD #: 111027)
• Legacy Financial Services (CRD #: 38697)
• NYLIFE Securities (CRD #: 5167)

Kurta Law Can Help

If you worked with June Hung 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.