Joseph Ijong Chu (Joseph Chu) – Customer Disputes Filed Involving Financial Advisor/Broker Joseph Chu | Goodman & Nekvasil P.A. May Recover Investor Losses
Joseph Chu is a licensed financial advisor/broker with RBC Capital Markets LLC.
According to Joseph Chu’s BrokerCheck report, customer disputes have been filed alleging sales practice violations against Joseph Chu.
Customer Dispute 11/6/20: The claimant alleged he suffered a net loss of more than 65% of his Employee Pension IRA Account value due to the FA’s failure to properly diversify the account and by their discretionary purchase of single company stocks almost all-in oil and gas or energy sectors that were not appropriate for the client’s objectives or risk tolerance. This customer dispute is pending and seeks $367,452 in damages.
Customer Dispute 8/4/20: Claimant contends Respondent recommended unsuitable investments in oil-producing and industrial metals & materials stocks leading to an over concentration in those sectors which was outside of their investment objectives. Claimants allege the accounts declined in value from September 2018 through January 20, 2020. This customer dispute is pending and seeks $1,600,000 in damages.
Customer Dispute 7/9/20: Claimants are alleging that the Financial Advisor misrepresented the risk of allocation in Energy and Material sectors investments and over concentrated the Claimant’s accounts in highly volatile investments. This customer dispute is pending and seeks $500,001 in damages.
Goodman & Nekvasil, P.A. May Recover Investor Losses
If you lost any money on investments with Joseph Chu, you may be able to recover your losses. If you lost money on investments with Joseph Chu and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Joseph Chu’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
Goodman & Nekvasil, P.A. has recovered more than $200 million on behalf of victimized investors. If you lost money on investments with Joseph Chu and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 12/17/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.