TIANLIANG LOUIS DONG is currently employed as a Broker and/or Investment Adviser at J.P. MORGAN SECURITIES LLC located at 270 S. STATE COLLEGE BLVD, BREA, CA, 92821.
TIANLIANG LOUIS DONG has worked at J.P. MORGAN SECURITIES LLC since October 01, 2012
TIANLIANG LOUIS DONG has 2 Disclosure Event(s).
Date: January 29, 2016 Category: Customer Dispute Allegations: Client alleges poor recommendation/poor advice regarding managed account investment. Activity dates 05/18/2015-08/03/2015. Subsequent correspondence received. No new allegations. Damage Amount Requested: $23,691.35
Date: October 10, 2000 Category: Customer Dispute Allegations: THE CLIENT HAS AN ACCOUNT WITH ME FOR ABOUT 12 MONTHS. FOR THE FIRST 9 MONTHS OR SO, THE ACCOUNT WAS BALANCED WITH THOSE FUNDAMENTALLY SOUND COMPANIES, SUCH AS CITIBANK, MICROSOFT, EMC, DISNEY, ETC. BUT AFTERWARDS, THE CLIENT INSTRUCTED ME TO SWITCH TO MORE VOLATILE INTERNET STOCKS FOR HER TO TRADE. ALL TRANSACTIONS WERE INSTRUCTED BY HER. THE ACCOUNT WAS PROPERLY DOCUMENTED WITH MARGIN AND OPTION AGREEMENTS. SHE INSISTED ON USING THE MARGIN FOR HER TRADES, ESPECIALLY WHEN THE MARKET WAS DECLINING. ONCE SHE EVEN ARGUED THAT AT OTHER BROKERAGE FIRMS, 100% MARGIN WAS ALLOWED, WHY NOT AT THE U.S. PACIFIC FINANCIAL SERVICES INC. BUT I TOLD HER IT WAS FOR HER PROTECTION ESPECIALLY IN THE DOWN MARKET. BUY SHE INSISTED ON DOING WHAT SHE WANTED TO DO. AFTER THE MARKET HAD DECLINED CONTINUOUSLY FOR 3 MONTHS, HER ACCOUNT HAD MARGIN CALLS. SHE HAD DEPOSITED A CHECK IN THE AMOUNT OF $6,000 TO COVER THE MARGIN. BUT THE CHECK WAS BOUNCED, LEAVING THE FIRM WITH A DEFICIENCY OF $6,000. THEN SHE FILED COMPLAINT. Damage Amount Requested: $56,000.00 Broker Comment: NASD notified me that the client had withdrawn from the complaint, and they also advised me that they were removing the case. Unfortunately, this was not updated on my U4 because the former brokerage closed at the time. I have no further knowledge or information about this matter.
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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