AUSTIN, TEXAS — Have you lost money with financial advisor Steven Kwan, of Madison Avenue Securities in Austin, Texas?  We are looking into allegations made against Steven Kwan, who has been the subject of two customer complaints, once which was filed in 2021.  The customers alleged that Kwan sold them unsuitable investments in GPB Capital and other alternative investments.  One customer alleged that Kwan sold them over $1 million in alternative investments.

Steven Kwan has been a registered representative of Madison Avenue Securities from 2006 to the present.  He has worked at branch offices in Austin, Texas.

Brokerage firms like Madison Avenue Securities have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms 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 Texas.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Madison Avenue Securities.

Click to view BROKERCHECK:  Kwan, Steven BrokerCheck 6.10.21

If you lost money with Steven Kwan or Madison Avenue Securities, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.