{"id":18476,"date":"2019-11-19T09:12:53","date_gmt":"2019-11-19T15:12:53","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=18476"},"modified":"2019-11-20T09:21:36","modified_gmt":"2019-11-20T15:21:36","slug":"shepherd-smith-edwards-kantas-investigates-cetera-investment-services-and-mengxuan-zhang","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/shepherd-smith-edwards-kantas-investigates-cetera-investment-services-and-mengxuan-zhang\/","title":{"rendered":"Shepherd Smith Edwards &#038; Kantas Investigates Cetera Investment Services and Mengxuan Zhang"},"content":{"rendered":"<p>Shepherd, Smith, Edwards &amp; Kantas (\u201cSSEK\u201d), a national law firm specializing in representing wronged investors, is looking into allegations against Mengxuan Zhang, previously employed by Cetera Investment Services out of Pasadena, CA. \u00a0\u00a0<a href=\"https:\/\/www.finra.org\/sites\/default\/files\/fda_documents\/2018059411401%20Mengxuan%20Zhang%20CRD%206548853%20%20AWC%20va%20%282019-1567642778461%29.pdf\">According to allegations<\/a>, Ms. Zhang allegedly falsified customer signature pages on new account forms for some customers of Cetera. This included reusing signature pages without express permission and changing the dates on the forms so as to appear that customers had re-executed. One of the forms in question was an \u201cilliquid investment acknowledgment form.\u201d\u00a0 This is the type of form an investor in such products as GPB Capital or NorthStar Healthcare REIT would have to sign. After admitting her wrongdoing to Cetera, Ms. Zhang was officially discharged. She is currently not employed by any Broker Dealer as a financial advisor.<\/p>\n<p>For her actions, Ms. Zhang has been suspended as a stockbroker\/advisor by\u00a0The Financial Industry Regulatory Authority Inc. (FINRA).\u00a0She was also fined. Ms. Zhang accepted and consented to the <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/6548853\">findings by FINRA<\/a> without admitting or denying the findings.\u00a0 <a href=\"https:\/\/www.finra.org\/sites\/default\/files\/fda_documents\/2018059411401%20Mengxuan%20Zhang%20CRD%206548853%20%20AWC%20va%20%282019-1567642778461%29.pdf\">According to FINRA<\/a>, such actions on the part of Ms. Zhang violate FINRA Rule 2010.\u00a0 According to that Rule, a stockbroker\/advisor must \u201c\u2026.observe high standards of commercial honor and just and equitable principles of trade.\u201d\u00a0 Under the terms with FINRA, Ms. Zhang may not make any statement publicly which denies FINRA\u2019s findings regardless of the fact that she never specifically denied the allegations.<\/p>\n<h2>Financial Advisor Fraud Attorneys<\/h2>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/shepherd-smith-edwards-kantas-investigates-cetera-investment-services-and-mengxuan-zhang\/\"  title=\"Continue Reading Shepherd Smith Edwards &#038; Kantas Investigates Cetera Investment Services and Mengxuan Zhang\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shepherd, Smith, Edwards &amp; Kantas (\u201cSSEK\u201d), a national law firm specializing in representing wronged investors, is looking into allegations against Mengxuan Zhang, previously employed by Cetera Investment Services out of Pasadena, CA. \u00a0\u00a0According to allegations, Ms. Zhang allegedly falsified customer signature pages on new account forms for some customers of Cetera. This included reusing signature [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":18463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3738],"tags":[2880,4228,4229],"class_list":["post-18476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-investor-fraud","tag-cetera","tag-cetera-investment-services","tag-mengxuan-zhang"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shepherd Smith Edwards &amp; Kantas Investigates Cetera Investment Services and Mengxuan Zhang &#8212; Investor Lawyers Blog &#8212; November 19, 2019<\/title>\n<meta name=\"description\" content=\"Shepherd, Smith, Edwards &amp; Kantas is looking into allegations against Mengxuan Zhang, previously employed by Cetera Investment Services out of Pasadena, CA.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/shepherd-smith-edwards-kantas-investigates-cetera-investment-services-and-mengxuan-zhang\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Shepherd Smith Edwards &amp; 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