Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 23, 2018 indicate that New Jersey-based American Portfolios Financial Services broker/adviser Chi-Hong Chu has received a customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Chu (CRD# 4615119).
Chi-Hong Chu has spent 15 years in the securities industry and has been registered with American Portfolios Financial Services in East Brunswick, Mt. Laurel, Sea Girt, and Princeton, New Jersey since 2016. Previous registrations include National Planning Corporation in El Segundo, California (2008-2016); American General Securities in East Brunswick, New Jersey (2004-2008); and PFS Investments in Duluth, Georgia (2003-2004). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on October 6, 2004; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on March 1, 2003; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on January 3, 2003; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), which he obtained on September 4, 2007. He is a registered broker and investment adviser with 15 US states and territories: Arizona, California, Delaware, Florida, Georgia, Maryland, Montana, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Texas, and Washington.
According to his BrokerCheck report, he has received one customer complaint and six customer complaints, and he resigned from a former employer in connection to alleged rule violations.
In November 2017 a customer alleged Chi-Hong Chu, while employed at National Planning Corporation and American Portfolios Financial Services, made misrepresentations of material facts. The customer sought $40,000 in damages in the complaint, which was denied.
In 2017 a customer alleged Chi-Hong Chu, while employed at National Planning Corporation, recommended unsuitable annuity contracts. The customer sought unspecified damages in the complaint, which was denied.
In 2017 a customer alleged he, while employed at National Planning Corporation, did not disclose costs associated with an insurance policy. The customer sought unspecified damages in the complaint, which was denied.
In 2016 a customer alleged he, while employed at National Planning Corporation, did not accurately describe an annuity product when it was sold. The customer sought more than $8,500 in damages in the complaint, which was denied.
In 2016 a customer alleged Chi-Hong Chu, while employed at National Planning Corporation, misrepresented material facts related to a variable annuity investment. The complaint settled for more than $58,100.
In 2016 he was “permitted to resign” from his position at National Planning Corporation in connection to allegations he business practices were not meeting the firm’s expectations.
If you or someone you know has complaints regarding Chi-Hong Chu, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.