Advisor Alert: Our Attorneys Are Investigating Mei Xia Guo For Investment Fraud
Did You Lose Money Because of Grace Guo?
Filed: November 15, 2023
Grace Guo (also known as Mei Xia Guo) has been the subject of three (3) 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 Mei Xia Guo.
Who Is Mei Xia Guo of Cetera Investment Services LLC and Cetera Investment Advisers LLC?
- Advisor Name: Mei Xia Guo
- Aliases: Grace Guo
- CRD: 4201624
- Location: Monterey Park, California
- Current Employer: Cetera Investment Services LLC and Cetera Investment Advisers LLC
- Previous Firms: LPL Financial LLC
- Number of Known Customer Complaints: 3
- Can Mei Guo Be Sued: Yes, in Private Arbitration
- Can Mei Guo’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $500,000
- Highest Settlement: $80,000
If you have suffered investment losses by Grace Guo, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a portfolio mismanagement 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 Grace Guo For Broker Misconduct
As of this publication date, Grace Guo has been the subject of 3 customer disputes. Let’s review them below.
In July 2022, a FINRA arbitration was filed against or in reference to Grace Guo by a customer of Cetera Investment Services LLC alleging that Ms. Guo over concentrated the client’s portfolio in unsuitable investments that resulted in losses. Per the customer, he/she lost over $500,000 because of Ms. Guo’s actions. On May 12, 2023, Ms. Guo settled the claim for $35,000, and some or all of this amount may have been paid by Ms. Guo’s employer and/or insurance carrier.
In August 2021, a FINRA arbitration was filed against or in reference to Grace Guo by multiple customers of Cetera Investment Services LLC alleging that Ms. Guo recommended unsuitable investments. Per the customer, he/she lost over $250,000 because of Ms. Guo’s actions. On August 24, 2022, Ms. Guo settled the claim for $80,000, and some or all of this amount may have been paid by Ms. Guo’s employer and/or insurance carrier.
In October 2020, a FINRA arbitration was filed against or in reference to Grace Guo by a customer of Cetera Investment Services LLC alleging unsuitable investment recommendations. On March 30, 2022, Ms. Guo settled the claim for $40,000, and some or all of this amount may have been paid by Ms. Guo’s employer and/or insurance carrier.
How To File A Claim Against Grace Guo of Cetera Investment Services LLC and Cetera Investment Advisers LLC (previously with LPL Financial LLC) To Get Your Money Back.
If you have questions about Grace Guo, Cetera Investment Services LLC, Cetera Investment Advisers LLC, LPL Financial LLC, 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.