Halling & Cayo, S.C. is evaluating legal claims involving this financial advisor's conduct. We encourage customers who believe they may have a cause of action related to these investment recommendations to reach out to our securities lawyers.
Any previous customer complaints are made publicly available by FINRA. Reviewing these reports can help investors understand the regulatory history of their financial professionals.
Claim(s) Made Against Fred Chen:
Claim Date: 12/11/2024
“Breach of written contract, breach of fiduciary duty, negligence and gross negligence, misrepresentations and omissions, violation of FINRA rules, violation of federal securities laws, violation of the California securities act and violation of best interest obligations. June 2020”
This claim, as of this posting, is currently Pending with a claim amount of $300,000.00 .
Claim Date: 8/27/2024
“Breach of written contract, breach of fiduciary duty, negligence and gross negligence, misrepresentations and omissions, violation of FINRA rules, violation of federal securities laws, violation of the California Securities Act and violation of Best Interest Obligations.”
This claim, as of this posting, is currently Settled with a claim amount of $500,000.00 .
The investor was paid $150,000.00 by the brokers’ firm.
Claim Date: 5/28/2026
“Compensatory damages, breach of written contract, breach of fiduciary duty, negligence and gross negligence, misrepresentations and omissions, violation of FINRA rules, violation of California Securities Act and federal securities laws, violation of Regulation Best Interest. Investments placed between 2021 and 2025”
This claim, as of this posting, is currently Pending with a claim amount of $500,000.00 .
