There are options for clients of former Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Chelsea Deng (CRD# 4179306) who lost money investing in private placements. She has been registered with Morgan Stanley in Beverly Hills, California, since 2019. She was previously registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Los Angeles, California, from 2006 to 2019.
Chelsea Deng Customer Complaints
She has been the subject of one customer complaint, according to her CRD report:
December 2023. “Clients allege financial advisor made certain misrepresentations and unsuitable investment recommendations.” The case is currently pending. The customer is seeking $3.5 million in damages in this pending complaint. It was regarding private placements, including PIPES, and it took place while he was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Merrill Lynch, Pierce, Fenner & Smith Incorporated may be liable for investment or other losses suffered by Chelsea Deng’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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