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Wente Kao Terminated by TransAmerica

Wente Kao (CRD #: 5486534) has been fired by TransAmerica Financial Advisors. This disclosure appears on his BrokerCheck record, accessed on March 6, 2024. Details concerning this termination are provided below. 

Termination 

On February 8, 2024, TransAmerica Financial Advisors fired Wente Kao following allegations that he engaged in unauthorized discretionary trading in advisory accounts. 

FINRA Rule 3260 and Unauthorized Trading

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unauthorized trading violates this rule. 

Background Information 

Wente Kao has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination SIE – Securities Industry Essentials Examination 
  • Series 26 Investment Company Products/Variable Contracts Principal Examination 

He has registered with the following firms: 

  • TransAmerica Financial Advisors (CRD #: 16164) 
  • World Group Securities (CRD #: 114473) 

Kurta Law Can Help 

If you have worked with Wente Kao and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.

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