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Mai Nguyen Facing Allegations of Unauthorized Trading

Mai Nguyen (CRD #: 2852314), a broker registered with Cetera Advisor Networks in Newport Beach, California, is the subject of an investor dispute. This disclosure appears on her BrokerCheck record, accessed on December 6, 2023. Investors may also have engaged her services through Tax & Financial Group. 

On September 20, 2023, an investor alleged that Mai Nguyen sold shares of Amazon without her authorization. 

The dispute was denied by the firm, but investors should know that firms can deny disputes without any external review. Our securities attorneys can still recover losses following a denial via FINRA arbitration

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Selling shares without authorization violates this rule. 

FINRA Rule 3260 – Unauthorized Trading

Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion in pre-approved discretionary accounts.

Background Information 

Mai Nguyen 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 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

She is a registered broker in nine states and is a registered investment adviser in California and Texas. 

During her 26 years of experience, she has registered with the following firms: 

  • Cetera Advisor Networks (CRD #: 13572) 
  • Cetera Investment Advisors (CRD #: 105644)
  • Securian Financial Services (CRD #: 15296) 
  • Ameritas Investment Corp (CRD #: 14869)
  • Lincoln Financial Advisors Corporation (CRD #: 3978) 
  • The Lincoln National Life Insurance Company (CRD #: 2580) 
  • Signator Investors (CRD #: 468) 
  • Centaurus Financial (CRD #: 30833) 
  • WMA Securities (CRD #: 32625)  

Kurta Law Can Help 

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