VICTOR G CHENG

VICTOR G CHENG is currently employed as a Broker and/or Investment Adviser at SECURITIES AMERICA, INC. located at 101 METRO DR, STE 650, SAN JOSE, CA, 95110.

VICTOR G CHENG has worked at SECURITIES AMERICA, INC. since May 17, 2006

Disclosure History

VICTOR G CHENG has 2 Disclosure Event(s).

Date: November 25, 2009
Category: Customer Dispute
Allegations: CLAIMANTS ALLEGE THAT REPRESENTATIVE ADVISED THEM TO SELL THEIR SINGLE-DWELLING RENTAL PROPERTY TO INVEST IN A TIC, FOR WHICH THEY ARE NO LONGER RECEIVING INTEREST. ADDITIONAL ALLEGATIONS INCLUDE BREACH OF FIDUCIARY DUTY, MISPRESENTATION & OMISSIONS, NEGLIGENCE AND BREACH OF CONTRACT.
Damage Amount Requested: $542,000.00
Settlement Amount: $125,000.00
Broker Comment: THE FIRM HAS SETTLED WITH THE CLAIMANT. THERE WAS NO CONTRIBUTION FROM THE REPRESENTATIVE, AND NO ADMISSION OF LIABILITY OR WRONG-DOING BY THE REPRESENTATIVE OR THE FIRM.

Date: February 24, 2004
Category: Customer Dispute
Allegations: THE CLIENT ALLEGES THAT THERE WAS AN UN-AUTHORIZED TRANSACTION INTO A REAL ESTATE INVESTMENT (LLC'S) HAPPENED IN MARCH 2003 ON HIS BEHALF.
Damage Amount Requested: $10,000.00

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

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.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for VICTOR G CHENG, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.