Oct '24 (edited) • Fraud Allegation Alerts
Protect Yourself! Huanwei Huang - Glendale Securities - Financial Advisor Fraud Alert
Last Updated: October 2024 (Brooklyn, NY)
Huanwei Huang Financial Advisor Fraud Alert
Huanwei Huang's FINRA record reveals multiple regulatory actions and a significant pending customer dispute involving allegations of fraud, conversion, and breaches of duty. His disciplinary history includes violations of customer privacy regulations, improper communications practices, and failure to detect suspicious activity in penny stock transactions. With over $580,000 in pending customer disputes and multiple regulatory sanctions, investors should exercise caution. If you are a victim of investment fraud from the misdeeds of Huanwei Huang of Glendale Securities, contact the financial fraud lawyers at Patil Law, P.C. immediately by calling (800) 950-6553 to request a free case evaluation.
National securities fraud lawyers Patil Law, P.C., are investigating broker Huanwei Huang (CRD #3268328), a financial advisor at Glendale Securities, Inc., who has faced multiple regulatory actions and is currently dealing with serious customer allegations including fraud, conversion, and negligence.
Critical insights about Brooklyn, NY stockbroker Huanwei Huang
- Advisor Name: Huanwei Huang
- CRD: 3268328
- Location: Brooklyn, NY
- Current Employer: Glendale Securities, Inc.
- Classification: Stockbroker + Financial Advisor
- Primary Location: 2021 86th Street, Suite 302, Brooklyn, NY 11214
- Can Huanwei Huang be sued in private FINRA arbitration: Yes
- Has Mr. Huang been disciplined by FINRA: Yes
- Total Number of Disclosures: 3 (2 Regulatory Events, 1 Customer Dispute)
- Recent FINRA Suspension: 10 business days (November 2021)
- Current Pending Dispute: $580,000 in alleged damages
Lost Money With Stockbroker Huanwei Huang?
Huanwei Huang has faced multiple regulatory actions and customer complaints:
Current Pending Civil Litigation (September 2024):
- New York Supreme Court Case Number: 523945/2024
- Alleges breach of duty, conversion, fraud, misrepresentation, unjust enrichment, and negligence
- Claims $580,000 in damages plus punitive damages
- Involves equity securities transactions between 2020-2023
- Case currently pending
Recent Regulatory Actions:
- FINRA Action (October 2021): (a) Suspended for 10 business days, (b) Fined $5,000 plus $2,000 in costs, (c) Violations involved improper disclosure of confidential customer information and unauthorized communication methods, (d) Case Number: 2016049565901
- Massachusetts Securities Division (August 2021): (a) Imposed heightened supervision requirements for 5 years, (b) Restricted from opening new Massachusetts customer accounts, (c) Required enhanced transaction monitoring and communication reviews, (d) Case Number: R-2021-0051
Allegations of Broker Misconduct Against Huanwei Huang
Key regulatory and customer allegations include:
- Violations of SEC Regulation S-P by improperly disclosing confidential customer information
- Breach of FINRA Rule 4511 regarding books and records requirements
- Unauthorized communications using personal messaging apps outside firm supervision
- Failure to detect and report suspicious activity in penny stock transactions
- Violations of Customer Identification Program requirements
- Potential fraud and misrepresentation in customer transactions
- Conversion of customer funds (pending allegation)
- Breach of fiduciary duty and negligence
The Massachusetts Securities Division action highlighted serious concerns about Huang's handling of customer information and communications, resulting in significant restrictions on his ability to conduct business in that state.
Need Help Recovering Your Investment Losses?
If you have suffered investment losses in an account handled by Huanwei Huang or have a question about the performance of your account, please contact Patil Law, P.C. online or (800) 950-6553 for a free initial consultation. The cases are handled on a contingency basis and Patil Law, P.C. does not get paid unless we win for you.
0
0 comments
Protect Yourself! Huanwei Huang - Glendale Securities - Financial Advisor Fraud Alert
skool.com/investor-protection-academy-7598
Learn to protect your investments through expert-led courses and community support. Guard against fraud and make informed financial decisions.
Powered by