Yujin Zheng (CRD #6801396) Has an Employment Separation Disclosure on FINRA BrokerCheck

Yujin Zheng (CRD #6801396) is a broker registered with Morgan Stanley. Yujin Zheng has an employment separation disclosure on FINRA BrokerCheck. We reviewed the BrokerCheck report on April 27, 2026. It reflects one termination disclosure. If you invested with Yujin Zheng and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation

Yujin Zheng’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary follows.

On February 25, 2026, Merrill Lynch, Pierce, Fenner & Smith Incorporated reported a voluntary resignation. The filing followed allegations about conduct involving account opening. Yujin Zheng’s FINRA BrokerCheck report states the account was opened without the customer’s knowledge or consent.

Rule Summary #1: FINRA Rule 4530 (Reporting Requirements)

FINRA Rule 4530 requires firms to report certain events to FINRA. Reported termination events can help investors review a broker’s record.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor)

FINRA Rule 2010 requires high standards of commercial honor. Account-opening concerns may raise questions about fair and ethical conduct.

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 Yujin Zheng’s FINRA BrokerCheck report, Yujin Zheng:

Is currently registered with Morgan Stanley.

Has passed the Securities Industry Essentials (SIE) exam. Yujin Zheng has passed Series 7 and Series 66.

Was previously registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated.

Kurta Law Can Help

If you have worked with Yujin Zheng and you have concerns about this activity, Kurta Law may be able to help. Our team can evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | FINRA Arbitration

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. An attorney can review the facts and explain possible next steps.