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Terrence Leong Allegedly Misrepresented Variable Insurance Policy

Terrence Leong (CRD #: 6911655), a broker registered with Equitable Advisors, was recently involved in an investor dispute, according to his BrokerCheck record, accessed on December 28, 2022. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On October 26, 2022, an investor alleged that Terrence Leong misrepresented a variable insurance policy sold to the client in 2021. The firm denied this dispute.

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

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deception, manipulation, and otherwise unethical means of influencing the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information

Terrence Leong has passed the following exams:

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Terrence Leong is a registered broker in 24 states and the District of Columbia. He is also a registered investment adviser in 19 states.

Kurta Law Can Help

If you worked with Terrence Leong 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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