Did You Lose Money Because of Howard Hsieh?
Filed: November 15, 2023
Howard Hao-Chung Hsieh currently has two (2) pending customer complaints. Overall, he has been the subject of nine (9) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Howard Hao-Chung Hsieh.
Who Is Howard Hao-Chung Hsieh of Cetera Investment Services LLC and Cetera Investment Advisers LLC?
- Advisor Name: Howard Hao-Chung Hsieh
- Aliases: Hao-Chung Howard Hsieh
- CRD: 4947882
- Location: Irvine, California
- Current Employer: Cetera Investment Services LLC and Cetera Investment Advisers LLC
- Previous Firms: Bancwest Investment Services, Inc.
- Number of Known Customer Complaints: 9
- Can Howard Hsieh Be Sued: Yes, in Private Arbitration
- Can Howard Hsieh’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $750,000
- Highest Settlement: $450,000
If you have suffered investment losses by Howard Hsieh, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Howard Hsieh For Broker Misconduct
As of this publication date, Howard Hsieh has been the subject of 9 customer disputes. Let’s review them below.
In December 2022, a FINRA arbitration was filed against or in reference to Howard Hsieh by a customer of LPL Financial LLC alleging that Mr. Hsieh made an unsuitable investment recommendation. As of this publication date, this claim remains pending.
In December 2022, a FINRA arbitration was filed against or in reference to Howard Hsieh by multiple customers of Cetera Investment Services LLC alleging unsuitable investment recommendations which resulted in losses. Per the customers, they lost over $300,000 because of Mr. Hsieh’s actions. On September 8, 2023, Mr. Hsieh settled the claim for $95,000, and some or all of this amount may have been paid by Mr. Hsieh’s employer and/or insurance carrier.
In June 2022, a FINRA arbitration was filed against or in reference to Howard Hsieh by a customer of Cetera Investment Services LLC alleging that the client was invested in unsuitable and over-concentrated alternative investments. Claimant further alleges breach of fiduciary duty, negligence, and failure to supervise. Per the customer, he/she lost over $120,000 because of Mr. Hsieh’s actions. On June 30, 2023, Mr. Hsieh settled the claim for $60,000, and some or all of this amount may have been paid by Mr. Hsieh’s employer and/or insurance carrier.
In October 2021, a FINRA arbitration was filed against or in reference to Howard Hsieh by a customer of LPL Financial LLC alleging that Mr. Hsieh made unsuitable investment recommendations. Per the customer, he/she lost over $750,000 because of Mr. Hsieh’s actions. As of this publication date, this claim remains pending.
In September 2021, a complaint was filed against or in reference to Howard Hsieh by multiple customers of Cetera Investment Services LLC alleging unsuitable investments. On November 24, 2021, Mr. Hsieh settled the claim for $450,000, and some or all of this amount may have been paid by Mr. Hsieh’s employer and/or insurance carrier.
In August 2021, a complaint was filed against or in reference to Howard Hsieh by a customer of Cetera Investment Services LLC alleging that the client is unhappy with the performance of her REITs. On May 2, 2022, Mr. Hsieh settled the claim for $25,000.
In July 2021, a complaint was filed against or in reference to Howard Hsieh by a customer of Cetera Investment Services LLC alleging that the the timeframe for the REIT investments purchased were misrepresented. Per the customer, he/she lost over $5,000 because of Mr. Hsieh’s actions.
In August 2020, a complaint was filed against or in reference to Howard Hsieh by a customer of Cetera Investment Services LLC alleging reit misrepresented and various service issues. Per the customer, he/she lost over $5,000 because of Mr. Hsieh’s actions.
In July 2019, a FINRA arbitration was filed against or in reference to Howard Hsieh by multiple customers of Cetera Investment Services alleging breach of contract and warranties, promissory estoppel, violation of state securities statutes, violation of consumer protection statutes, and claims under common law. Per the customers, they lost over $500,000 because of Mr. Hsieh’s actions. On April 27, 2022, Mr. Hsieh settled the claim for $290,000, and some or all of this amount may have been paid by Mr. Hsieh’s employer and/or insurance carrier.
How To File A Claim Against Howard Hsieh of Cetera Investment Services LLC and Cetera Investment Advisers LLC (previously with Bancwest Investment Services, Inc.) To Get Your Money Back.
If you have questions about Howard Hsieh, Cetera Investment Services LLC, Cetera Investment Advisers LLC, Bancwest Investment Services, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.
