Stephen Kwan (CRD #: 3183681), a broker registered with Madison Avenue Securities, is involved in an investor dispute, according to his BrokerCheck record, accessed on April 23, 2021. Kwan also offers wealth management services through Insight Wealth Management in Austin, Texas.
On March 26, 2021, investors alleged that Stephen Kwan recommended multiple alternative investments which were unsuitable.
On February 18, 2020, investors alleged that Kwan failed to conduct his due diligence and recommended unsuitable investments. The investors further alleged that Stephan Kwan over-concentrated certain securities and misrepresented investments. The investors sought $100,000; the dispute settled for $65,003.71.
Stephen Kwan has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, and the Series 6 Investment Company Products /Variable Contracts Representative Examination. Kwan is a registered broker in eight states and a registered investment adviser in Texas.
Kwan has worked for the following firms:
- Madison Avenue Securities (CRD #: 23224)
- Madison Avenue Advisors (CRD #: 137461)
- Eagle Strategies Corp (CRD #: 110826)
- NYLife Securities (CRD #: 5167)
If you worked with Stephen Kwan and you have questions about the suitability of your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for a free case consultation.