Broker Complaints: Zen Financial/Royal Alliance broker, Jonathan Bao

Attorneys interested in speaking to customers of Royal Alliance broker, Jonathan Bao

The securities and investment fraud law firm, Fitapelli Kurta, is interested in speaking to investors who have lost money investing with Royal Alliance or Jonathan Bao.

Jonathan Bao is currently registered with Royal Alliance Associates, Inc. (CRD# 23131) and has been since 2002. Jonathan Bao is registered in Arizona, California, Georgia, Idaho and Nevada. Jonathan Bao works at Royal Alliance’s Tarzana, California and Alhambra, California office. Jonathan Bao is also President of Zen Financial Services. Zen Financial Services is located in Alhambra, California. Zen Financial Services also owns Zen Wealth, LLP, Sen Benefits, Ltd., and Zen Wealth International Ltd.

While at Royal Alliance, and as President of Zen Financial Services, Jonathan Bao has recommended the following securities to investors: ProShares Ultra VIX Short-Term Futures (UVXY) and Dendreon Corporation (DNDN).

ProShares Ultra VIX Short-Term Futures (UVXY) is a highly speculative 2x ETF (Exchange Traded Fund) that tracks the S&P 500 VIX Short-Term Futures Index. ProShares Ultra VIX Short-Term Futures (UVXY) is not regulated under the Investment Company Act of 1940. ProShares Ultra VIX Short-Term Futures (UVXY) is designed to “help investors capitalize on U.S. equity market volatility one month into the future.” According to the ProShare Ultra VIX Short-Term Futures (UVXY) Fact Sheet, “VIX futures are among the most volatile futures contracts” and investors may lose their entire investment.

Dendreon Corporation (DNDN) is a cancer research company. In 2012 a derivative suit was filed by several shareholders on behalf of in Dendreon Corporation (DNDN) against the Dendreon Corporation (DNDN) Board of Directors for potential breach of loyalty. That suit was settled in November 2014.

Nontraditional ETFs like ProShares Ultra VIX Short-Term Futures (UVXY) and speculative stocks such as Dendreon Corporation (DNDN) are very risky and speculative in nature and should only be recommended to sophisticated and experienced investors. Nontraditional ETFs are intended to generate profit on a daily basis, which means they should be sold at the end of each day in order to give investors any hope of a favorable result. Typically, the longer a nontraditional ETF is held onto, the less likely it is to generate a return for investors.

If you or someone you know has lost money investing in nontraditional ETFs through Jonathan Bao, Royal Alliance, or one of its other brokers, you may be entitled to full recovery of your losses. The attorneys at Fitapelli Kurta prosecute cases on behalf of investors like you who have lost money as a result of unsuitable investments. These cases are taken on a contingency fee basis only, which means our firm will not receive any compensation whatsoever unless and until you recover money.

Cases are filed with the Financial Industry Regulatory Authority (FINRA) and will submit to arbitration. Fitapelli Kurta has filed hundreds of cases before FINRA and has recovered millions on behalf of investors who have fallen victim to broker misconduct. Do not delay. Call 877 – 238 – 4175 to speak directly to an attorney and further discuss the merits of your case.

Our consultations are always free.

Call 877–238–4175 now.