Advisor Alert: Our Attorneys Are Investigating Yin Yvonne Zhong For Investment Fraud
Did You Lose Money Because of Yin Zhong?
Filed: November 15, 2023
Yvonne Zhong (also known as Yin Yvonne Zhong) 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 Yin Yvonne Zhong.
Who Is Yin Yvonne Zhong of NI Advisors?
- Advisor Name: Yin Yvonne Zhong
- Aliases: Yvonne Zhong
- CRD: 3203120
- Location: Milpitas, California
- Current Employer: NI Advisors
- Previous Firms: Cetera Investment Services LLC and LPL Financial LLC
- Number of Known Customer Complaints: 3
- Can Yin Zhong Be Sued: Yes, in Private Arbitration
- Can Yin Zhong’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $30,000
- Highest Settlement: $112,500
If you have suffered investment losses by Yin Zhong, 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 Yin Zhong For Broker Misconduct
As of this publication date, Yin Zhong has been the subject of 3 customer disputes. Let’s review them below.
In August 2022, a FINRA arbitration was filed against or in reference to Yin Zhong by a customer of NI Advisors alleging breach of fiduciary duty, suitability, negligence, failure to supervise regarding investment in GWG L-bonds which subsequently sought reorganization through bankruptcy. Five year bond investment occurred in 2019. Per the customer, he/she lost over $30,000 because of Ms. Zhong’s actions. On June 19, 2023, Ms. Zhong settled the claim for $15,000, and some or all of this amount may have been paid by Ms. Zhong’s employer and/or insurance carrier.
In June 2022, a FINRA arbitration was filed against or in reference to Yin Zhong by multiple customers of NI Advisors alleging that during 2019-2021, claimants bought a total of $900,000 of GWG L-Bonds from Ms. Zhong. The firm GWGH is currently experiencing financial difficulties and the claimants allege breach of contract, unsuitable recommendation, failure to supervise, etc. Per the customers, they lost over $5,000 because of Ms. Zhong’s actions. On April 6, 2023, Ms. Zhong settled the claim for $112,500, and some or all of this amount may have been paid by Ms. Zhong’s employer and/or insurance carrier.
In April 2018, a FINRA arbitration was filed against or in reference to Yin Zhong by a customer of Cetera Investment Services LLC alleging misrepresentation of product. Per the customer, he/she lost over $25,000 because of Ms. Zhong’s actions.
How To File A Claim Against Yin Zhong of NI Advisors (previously with Cetera Investment Services LLC and LPL Financial LLC) To Get Your Money Back.
If you have questions about Yin Zhong, NI Advisors, Cetera Investment Services 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.