Weina Hou Allegedly Made Misrepresentations

Weina Hou (CRD #: 5901613), a broker registered with Cetera Investment Services, was involved in a recent dispute, according to her BrokerCheck record, accessed on November 22, 2024. Investors may also have engaged her services through Cetera Investment Advisers. If you want to know more about Weina Hou’s conduct as a broker, keep reading.
Investor Dispute
On September 30, 2024, an investor alleged that Weina Hou misrepresented an investment product. This dispute was denied by the firm.
Investors should know, however, that firms can deny disputes without an external review. Investors can potentially recover their funds following a denial by pursuing FINRA arbitration.
On May 6, 2022, an investor alleged that Weina Hou made misrepresentations related to an unsuitable investment. This dispute was settled for $92,500.
FINRA Rule 2020
FINRA Rule 2020 bans the use of deception, manipulation, and other unethical means of influencing investors’ decisions. The misrepresentation or omission of information concerning an investment’s limitations, risks, or potential returns also violate this rule.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles contain information about investors’ risk tolerance, tax status, investing experience, and financial goals.
Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.
Background Information
Weina Hou has passed the following exams:
- Series 66 – Uniform Combined State 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
Weina Hou is a registered broker in six states and a registered investment adviser in California.
She has worked for the following firms:
- Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
- MetLife Securities (CRD#:14251)
- Pruco Securities (CRD#:5685)
Kurta Law Can Help
If you worked with Weina Hou 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.