Joseph Viet Duy Phan, formerly with Pruco Securities, Barred from Securities Industry – Irvine, CA
Have you lost money with financial advisor Joseph Viet Duy Phan from Irvine, California? We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Agent Phan. FINRA barred him from the securities industry after he failed to respond to an investigation. Phan was being investigated regarding allegations that he borrowed money from customers of his brokerage firm, Pruco Securities, without disclosure to the firm.
Joseph Viet Duy Phan was a registered representative and financial advisor with Pruco Securities from 2007 to November 2018. He worked out of a branch office in Irvine, California. Phan was also terminated by Pruco Securities regarding these allegations.
Broker-dealers like Pruco Securities have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Phan, Joseph FINRA AWC
Click to view: Phan, Joseph BrokerCheck 11.21.19