Advisor Alert: Our Attorneys Are Investigating Sharon Melinda Kwan For Investment Fraud
Did You Lose Money Because of Sharon Kwan?
Filed: October 26, 2023
Sharon Chen (also known as Sharon Melinda Kwan, Mei Man Quan, My Mon Quan, and Sharon Quan) has been the subject of one (1) regulatory event, one (1) termination event, and 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 Sharon Melinda Kwan.
Who Is Sharon Melinda Kwan of Globalink Securities, Inc.?
- Advisor Name: Sharon Melinda Kwan
- Aliases: Sharon Chen, Mei Man Quan, My Mon Quan, Sharon Quan
- CRD: 2578627
- Location: Pasadena, California
- Current Employer: Globalink Securities, Inc.
- Previous Firms: Royal Alliance Associates, Inc., National Planning Corporation
- Number of Known Customer Complaints: 3
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Can Sharon Kwan Be Sued: Yes, in Private Arbitration
- Can Sharon Kwan’s Employers Be Sued For Failing to Supervise Her Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $6,989
- Highest Settlement: Unknown
If you have suffered investment losses by Sharon Kwan, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker 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 Sharon Kwan For Broker Misconduct
As of this publication date, Sharon Kwan has been the subject of 1 regulatory event, 1 termination event, and 3 customer disputes. Let’s review them below.
In May 2020, a complaint was filed against or in reference to Sharon Kwan by a customer of Royal Alliance Associates, Inc. alleging misrepresentation of purchase of mutual funds in December 2019. Per the customer, he/she lost over $5,000 because of Ms. Kwan’s actions.
In September, 2017 FINRA initiated a regulatory event against or in reference to Sharon Kwan. Without admitting or denying the findings, Kwan consented to the sanctions and to the entry of findings that between April 2009 and April 2013 she participated in undisclosed outside business activities involving her member firm’s customers without providing prior written notice to the firm, as required. The findings also stated that Kwan provided inaccurate annual firm compliance attestations regarding her outside business activities, real estate activities. The findings also included that notwithstanding the firm’s policy prohibition, Kwan opened and maintained two joint bank accounts with a firm customer in furtherance of their real estate activities. Kwan’s customer deposited almost $1.4 million into the two accounts. Kwan deposited an almost equal amount into the same two accounts. Kwan did not disclose and her firm did not approve of Kwan’s joint bank accounts with her firm’s customer. Kwan also provided inaccurate annual firm compliance attestations regarding her joint bank accounts with a firm customer.
In September, 2013 National Planning Corporation terminated Sharon Kwan for not disclosing to the firm a bank account which she shared with a client.
In August 2002, a complaint was filed against or in reference to Sharon Kwan by a customer of Royal Alliance Associates, Inc. alleging that VUL sold on March 6, 2002 was paid for by the surrender of a life policy, and the transactions were for the purpose of generating commissions rather than the benefit of the client. Per the customer, he/she lost over $6,989 because of Ms. Kwan’s actions.
In July 2000, a complaint was filed against or in reference to Sharon Kwan by a customer of Royal Alliance Associates, Inc. alleging that Ms. Kwan omitted material fact with regards to expenses/surrender charges on variable annuities sold in April 2000. Per the customer, he/she lost over $6,000 because of Ms. Kwan’s actions.
How To File A Claim Against Sharon Kwan of Globalink Securities, Inc. (previously with Royal Alliance Associates, Inc., National Planning Corporation) To Get Your Money Back.
If you have questions about Sharon Kwan, Globalink Securities, Inc., Royal Alliance Associates, Inc., National Planning Corporation, 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.