Bill Q. Chen of Arcadia, CA, formerly of Primevest Financial Services

In April 2009, FINRA announced that Mr. Chen had consented to be barred from working at any brokerage that it regulates.  According to FINRA’s description of its disciplinary action, Mr. Chen took money from a client and, without the client’s consent, transferred it from the client’s customer account to the account of a person to whom Mr. Chen owed money.

Most recently, Mr. Chen was a registered representative of Primevest Financial Services, Inc. in Diamond Bar.  He was a representative there between February 2008 and February 2009.  Before that he was a registered representative of Wells Fargo Investments, LLC in San Marino, California.  He was a representative there between February and November 2007.  Between April 2006 and January 2007, he was a registered representative of Bank of America Investment Services, Inc. in Pasadena, California.

We are currently investigating Mr. Chen.  If you or an organization with which you are affiliated have entrusted your money to Mr. Chen, please call us and/or email us.

FURTHER READING

In April 2009, FINRA Announced that Bill Q. Chen was barred from working in any capacity for any brokerage that is regulated by FINRA. FINRA issued the following report regarding disciplinary actions relating to Bill Q. Chen:

Bill Q. Chen (CRD #4442892, Registered Representative, Arcadia, California) submittedan Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Chen consented to the described sanction and to the entry of findings that he engaged in misuse of customer funds when, without a customer’s knowledge, authorization or consent, he caused the transfer of $10,000 from the customer’s bank account to the bank account of a business acquaintance to whom Chen owned money. The findings stated that the firm’s operations personnel detected the transaction and then Chen reversed it. FINRA Case #2007011324501)