Financial advisors play an essential role in helping individuals make informed investment decisions. However, when a financial advisor is involved in lawsuits or complaints, it’s crucial to investigate and understand the situation. This article will look closely at Peter Shen, a financial advisor from Independent Financial Group, and the complaints and lawsuits against him.
Background on Peter Shen
Peter Shen (CRD# 5769894) is a financial advisor based in Orange, California. He is registered as a broker with NI Advisors, previously affiliated with Independent Financial Group. You can learn more about Shen’s employment history, certifications, licenses, and any violations on BrokerCheck.
Complaints and Lawsuits Against Peter Shen
Peter Shen (CRD# 5769894) is a financial advisor who has faced investor complaints. One recent investor complaint alleges that his conduct resulted in damages exceeding $1 million. Another investor complaint, filed on August 2nd, 2021, claimed $950,000 in damages and stated that the REITs (Real Estate Investment Trusts) sold by Shen were unsuitable while he was associated with Independent Financial Group and LPL Financial. This complaint was settled in favor of the investor for $625,000.
These complaints highlight the importance of being cautious when dealing with financial advisors and keeping an eye on their conduct to ensure they are acting in the best interest of their clients.
What to Do If You Have Concerns About Your Financial Advisor
If you have concerns about your financial advisor or believe you have been a victim of investment fraud, it’s essential to seek help from experienced professionals. Haselkorn & Thibaut, InvestmentFraudLawyers.com, specializes in fighting for investors nationwide and has a 98% success rate.
With over 50 years of experience and offices in Florida, New York, North Carolina, Arizona, and Texas, our team of investment fraud lawyers is here to help you. Call us now for a free consultation at 1-800-856-3352 or email us at case@htattorneys.com. No recovery, no fee.
