Cecilia Chou Allegedly Failed to Disclose Outside Business Activity
Cecilia Chou (CRD# 5901758) resigned as a Transamerica Financial Services broker over allegations of misconduct. According to her Financial Industry Regulatory Authority (FINRA) BrokerCheck record, accessed on June 18, 2023, she was affiliated with the firm’s office in Aurora, Illinois, and has remained unregistered as a broker since her resignation. Resignation Stemmed from Alleged Outside […]
Transamerican Advisor, Feng Luo, Involved in $400,000 Dispute
Feng Luo (CRD #: 5508192), a broker registered with Transamerica Financial Advisors, has a new investor dispute on his BrokerCheck record, accessed on November 2, 2021. Client Alleges Insurance Products Were Misrepresented On October 23, 2020, clients alleged that Feng Luo made misrepresentations and omitted facts during a sales presentation regarding unsuitable insurance products. The […]
FINRA Sanctions Transamerica $8.8 Million over Variable Annuities and Mutual Funds
In December, 2020, the Financial Industry Regulatory Authority (FINRA) fined Transamerica $8.8 million, including $4.4 million in restitution to be paid to 2,400 customers that lost money due to their malfeasance. FINRA determined that Transamerica’s failure to properly supervise the recommendations of their registered representatives for their variable annuity, mutual fund and 529 plans. The […]
Debbie Herrmann: FINRA Bars Illinois Broker Over Promissory Note Investigation
Debbie Herrman, Transamerica advisor, barred for failing to cooperate in promissory note investigation.