Investors Allege Rebecca Ng-Tsang Misrepresented Investments

Rebecca Ng-Tsang (CRD #: 5578435), a broker formerly registered with Cetera Investment Services, allegedly made misrepresentations about investments, according to her BrokerCheck record, accessed on July 10, 2023. Keep reading if you have questions about her alleged conduct as a broker.

Investor Disputes

On April 20, 2023, an investor alleged that Rebecca Ng-Tsang misrepresented an investment. The client seeks $400,000 in damages in this pending dispute.

In a dispute filed on April 13, 2022, an investor alleged that Rebecca Ng-Tsang recommended unsuitable investments that resulted in losses. This dispute is currently pending.

Three disputes, filed from 2019-2023, alleged that Rebecca Ng-Tsang engaged in misrepresentation. These disputes were denied.

On December 9, 2020, an investor alleged that Rebecca Ng-Tsang misrepresented the risk and liquidity terms of real estate investment trusts (REITs). This dispute was denied by the firm.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions. Misrepresenting an investment’s risks, limitations, requirements or other relevant information violates this rule.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must take into account the information described in an investor’s profile, such as their risk tolerance, tax status, and overall financial situation.

What are Real Estate Investment Trusts?

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without needing to maintain the properties themselves. However, REITs tend to be illiquid, which makes them unsuitable for some investors.

Background Information

Rebecca Ng-Tsang has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• Series 7TO – General Securities Representative Examination
• Series 6TO – Investment Company Products/Variable Contracts Representative Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

She previously worked for the following firms:

• Cetera Investment Services (CRD#:15340)
• LPL Financial (CRD#:6413)
• UVEST Financial Services Group (CRD#:13787)
• PrimeVest Financial Services (CRD#:15340)

Kurta Law Can Help

If you worked with Rebecca Ng-Tsang 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.