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Investor Alleges Kai Qian Failed to Act in Their Best Interest

Aug 10, 2022 Investor Disputes

Kai Qian (CRD #: 5949142), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, was the subject of a recent dispute, according to her BrokerCheck record, accessed on July 24, 2022. If you have questions about Kai Qian’s conduct as a broker, read on.

Investor Dispute

On June 13, 2022, an investor alleged that Kai Qian failed to act in the client’s best interest. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without an outside review. Investors can still seek out FINRA arbitration and potentially recover their funds following a denial.

Regulation Best Interest

Regulation Best Interest (Reg-Bi) is an SEC regulation that requires firms and brokers to put their clients’ best interests first when recommending investments or giving other advice. Brokers must also investigate alternative investments. 

Background Information

Kai Qian has passed the following exams:

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

Kai Qian is a registered broker in 20 states and the District of Columbia. She is also a registered investment adviser in New York and Texas.

In the past, she has worked for Citi Private Advisory (CRD#:153777) and Citigroup Global Markets (CRD#:7059).

Kurta Law Can Help

If you worked with Kai Qian 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.