Wen Che (CRD #6911319) Has Customer Dispute Disclosures on FINRA BrokerCheck

Wen Che (CRD #6911319) is currently registered with customer dispute disclosures on FINRA BrokerCheck. We reviewed the BrokerCheck report on April 15, 2026. It reflects two pending customer disputes. If you invested with Wen Che and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Wen Che’s FINRA BrokerCheck Report reflects two customer dispute disclosures. Summaries of those disputes appear below:

On February 6, 2026, a customer alleged negligence, misrepresentation, omission of material facts, failure to meet suitability obligations, violations of California’s Blue Sky law, breach of fiduciary duty, and breach of contract. According to Wen Che’s FINRA BrokerCheck report, the product type is listed as a real estate security. The matter is pending in FINRA arbitration under Case No. 26-00238. BrokerCheck lists alleged damages as $0.00, with an explanation that the statement of claim seeks an unspecified amount.

On December 15, 2025, a customer alleged breach of written contract, breach of fiduciary duty, negligence, gross negligence, misrepresentations and omissions, violations of FINRA rules, violations of federal securities laws, violations of the California Securities Act, and violations of best interest obligations. According to Wen Che’s FINRA BrokerCheck report, the product type is listed as debt-corporate and the investment was made in 2019. The case is pending in FINRA arbitration under Case No. 25-02732. The damages field shows $0.00, but the narrative seeks $200,000 in general and compensatory damages, plus other relief.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation. It also requires the recommendation to fit the customer’s investment profile, including risk tolerance, objectives, and financial needs. Disputes like these often raise questions about whether the recommendation matched those factors.

Rule Summary #2: FINRA Rule 2210 (Communications with the Public)

FINRA Rule 2210 requires communications with the public to be fair and balanced. It also bars omissions that would make a statement misleading. Claims involving misrepresentations or omissions can raise questions about how an investment was described to the customer.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on Wen Che’s FINRA BrokerCheck report, Wen Che:

Is currently registered with Emerson Equity LLC.

Has passed the Securities Industry Essentials (SIE) exam. Wen Che has also passed Series 7 and Series 66.

Was previously registered with Independent Financial Group, LLC.

Kurta Law Can Help

If you have worked with Wen Che and you have concerns about the activity at issue, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unsuitable Investments | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. The firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.