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Non-Traded REIT Loss Lawyer
Family Seeks Up to $1M in Damages From Cetera Investment Services Over Non-Traded REIT Losses in Cole Capital, Arc Realty Finance
Another Cetera Broker Accused of Using Shared Cultural Affinity To Gain Trust of Investors of Chinese Descent
More investors of Chinese descent are suing broker-dealer Cetera because of losses they sustained in allegedly unsuitable investments. The claimants, who live in California, are seeking up to $1,000,000 in damages. They contend that their Cetera Investment Services broker John Yin (Haiguang Yin), whom they met through East West Bank, used their mutual cultural affinity to gain their trust. He then allegedly overconcentrated all of their assets in high-risk, illiquid private placements that were unsuitable for them given their low-risk tolerance level.