Investor Alert: Pending $400,000 Complaint Filed Against California Broker John Kacheong Lee – Investors May Recover Losses
John Kacheong Lee (CRD #2948622), a broker and investment adviser currently registered with Independent Financial Group, LLC in Pleasanton, California, is facing a pending FINRA arbitration claim filed in September 2025. According to FINRA’s BrokerCheck, the customer alleges unsuitable investment recommendations, misrepresentation, negligence, and breach of fiduciary duty related to a real estate investment trust (REIT), specifically ARC Hospitality Trust. The claim seeks $400,000 in damages and remains under review.
Employment and Regulatory Background
John Lee has been in the securities industry since 1998, working for multiple firms including H.D. Vest Investment Securities, Inc., National Planning Corporation, and now Independent Financial Group. Over his career, Lee has accumulated 10 total customer disclosures, many involving similar allegations of unsuitable sales of alternative or real estate investments. Several of these claims were previously settled and one was denied.
Investor Alert: Pending $400,000 Complaint Filed Against California Broker John Kacheong Lee
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $500 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 10/27/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.