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Peter Chen Allegedly Failed to Follow Client’s Trade Instructions

Mar 3, 2023 Investor Disputes

Peter Chen (CRD #: 2569849), a broker registered with Raymond James Financial Services, was recently involved in an investor dispute, according to his BrokerCheck record, accessed on February 22, 2023. Investors may have also engaged his services through Raymond James Financial Services Advisors. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On January 3, 2023, an investor alleged that Peter Chen failed to follow their trade instructions. The client sought $50,130 in damages but the dispute was denied by the firm.

However, investors should know that firms don’t need to permit an external review before denying disputes. Investors can still pursue FINRA arbitration and may be able to recover their losses following a denial.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. These high standards include following broker instructions. 

Background Information

Peter Chen has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 8 – General Securities Sales Supervisor Examination (Options Module & General Module)

Peter Chen is a registered broker in 15 states and the Virgin Islands. He is also a registered investment adviser in California and Texas.

He has also worked for Morgan Stanley (CRD#:149777) and Charles Schwab & Company (CRD#:5393).

Kurta Law Can Help

If you worked with Peter Chen 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. 

 

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