Advisor Alert: Our Attorneys Are Investigating Hung T Sam For Investment Fraud
Did You Lose Money Because of Hung Sam?
Filed: February 9, 2024
Hung Sam (also known as Sam T Hung and Hung Tuan Sam) has been the subject of two (2) regulatory events and one (1) customer complaint. 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 Hung T Sam.
Who Is Hung T Sam of Kovack Advisors, Inc. and Kovack Securities Inc.?
- Advisor Name: Hung T Sam
- Aliases: Sam T Hung, Hung Tuan Sam, Hung Sam
- CRD: 6065447
- Location: Orange, California
- Current Employer: Kovack Advisors, Inc. and Kovack Securities Inc.
- Previous Firms: Wells Fargo Clearing Services, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Number of Known Customer Complaints: 1
- Number of Known Regulatory Events: 2
- Can Hung Sam Be Sued: Yes, in Private Arbitration
- Can Hung Sam’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: Unknown
If you have suffered investment losses by Hung Sam, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise 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 Hung Sam For Broker Misconduct
As of this publication date, Hung Sam has been the subject of 2 regulatory events and 1 customer dispute. Let’s review them below.
In December 2021, California Department of Insurance initiated a regulatory action against or in reference to Hung Sam for not notifying the California Department of Insurance of a regulatory action within 30 days.
In May 2021, FINRA initiated a regulatory action against or in reference to Hung Sam for allegedly borrowing $230,000 from a customer at his former member firm to finance a real estate purchase without the firm’s knowledge or prior written authorization, and in violation of the firm’s written procedures.
In April 2020, a complaint was filed against or in reference to Hung Sam by a customer of Wells Fargo Advisors alleging that Mr. Sam did not sell as instructed.
How To File A Claim Against Hung Sam of Kovack Advisors, Inc. and Kovack Securities Inc. (previously with Wells Fargo Clearing Services, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated) To Get Your Money Back
If you have questions about Hung Sam, Kovack Advisors, Inc., Kovack Securities Inc., Wells Fargo Clearing Services, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, 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.