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Investor Alleges Michelle Yang Misrepresented Investment’s Fees

Michelle Yang (CRD #: 5140308), a broker registered with Morgan Stanley, allegedly made misrepresentations, according to her BrokerCheck record, accessed on November 15, 2024. Read on if you want to know more about her alleged conduct as a broker.

Investor Dispute

On October 2, 2024, an investor alleged that Michelle Yang misrepresented the fees and commissions associated with an investment product. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence the purchase and sale of securities. Misrepresenting an investment’s limitations, requirements, or other features violates this rule.

Background Information

Michelle Yang 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

Michelle Yang is a registered broker in all 50 states as well as the District of Columbia, Puerto Rico, and the Virgin Islands. She is also a registered investment adviser in California and Texas.

She has also worked for the following firms:

  • Cetera Investment Advisers (CRD#:105644)
  • Cetera Investment Services (CRD#:15340)
  • Fortune Securities (CRD#:40821)

Kurta Law Can Help

If you worked with Michelle Yang 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. 

 

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