Were you the victim of USCA Securities LLC broker Derek Su (CRD# 4121574)? He has been registered USCA Securities LLC in Austin, Texas, since 2014, and with U.S. Capital Wealth Advisors, LLC in Austin, Texas, since 2021. Previously, he was registered with USCA Ria LLC in Austin, Texas, from 2014 to 2021.
Derek Su Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
June 2023. “Claimants had been clients of USCA since 2015. Su began handling their accounts in late 2020. Claimants allege Su failed to properly structure their accounts to meet their retirement goals. Specific allegations include negligence, gross negligence, failure to supervise, and breach of fiduciary duty.” The customer is seeking $2,200,000 in damages, and the case is currently pending. The case was regarding variable annuities, common and preferred stocks, options, and private placement losses, and it took place while he was registered with USCA Securities LLC.
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, USCA Securities LLC may be liable for investment or other losses suffered by Derek Su’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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