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Investor Alleges Yeoshen Tsui Recommended Unsuitable Bond

Yeoshen Tsui (CRD #: 4824629), a broker registered with Truist Investment Services, allegedly made an unsuitable investment recommendation, according to his BrokerCheck record, accessed on May 11, 2023. Investors may have also worked with him through Truist Advisory Services. Keep reading to learn more about his alleged conduct as a broker.

Investor Dispute

On April 11, 2023, an investor alleged that Yeoshen Tsui recommended an unsuitable municipal bond that did not fit her conservative risk tolerance. The client seeks $130,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must use the information in an investor’s profile, such as their age and risk tolerance, when making recommendations.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Yeoshen Tsui has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Yeoshen Tsui is a registered broker in 12 states and the District of Columbia. He is also a registered investment adviser in Maryland.

He has also worked for the following firms:

  • SunTrust Investment Services (CRD#:17499)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
  • Banc of America Investment Services (CRD#:16361)
  • Morgan Stanley DW (CRD#:7556)

Kurta Law Can Help

If you worked with Yeoshen Tsui and you have concerns about your investments, please contact us today at 877-600-0098 or 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.