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[1], 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 clients further alleged that Luo fraudulently submitted a forged application to amend the policy’s face account. An unsuitable insurance product might include something like a variable annuity[2] or a 1035 exchange, both of which come with high risks and the possibility of high fees. The client is seeking $472,800; the dispute is pending.

Feng Luo has passed the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 6 Investment Company Products / Variable Contracts Representative Examination, and the Series 26 Investment Company Products/ Variable Contract Principal Examination. Luo is a registered broker in Arizona, California, Colorado, Hawaii, Nevada, and Oregon.

Feng Luo Registered with Transamerica in California

During his decade of experience, Feng Luo has registered at the following firms:

• Transamerica Financial Advisors (CRD #: 16164)
• World Group Securities (CRD #: 114473)

If Feng Luo was your broker and you have questions about your investments, don’t hesitate to contact our attorneys.

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