Broker Investigation: Wenjinn (James) Chang

James Chang (CRD#: 4536266) is an actively registered broker and investment advisor. Since April of 2012, Mr. Chang has been a representative of Independent Financial Group, LLC and he has been based in Rockville, Maryland.

Recently, two separate investor complaints have been filed against this broker. Here, our investment fraud lawyers provide an overview of the claims that are currently pending against James Chang.

Customer Complaints: Independent Financial Group Financial Advisor James Chang

Investor Complaint #1

On September 11th, 2018, an Independent Financial Group customer filed a claim alleging that Mr. Chang failed to offer proper advice regarding the risks associated with a certain investment opportunity.

This investor contends that the unsuitable investment recommendations by this broker led to considerable losses. The investor is seeking $75,000 in financial compensation. For his part, Mr. Chang denies these allegations and he states that he intends to defend the claim.

Investor Complaint #2

On October 15th, 2018, an investor filed a complaint alleging that losses were sustained because James Chang improperly over-concentrated holdings in non-traded real estate investment trusts (REITs) that were not suitable for their objectives and risk profile. This investor is seeking $50,000 in compensation. Once again, Mr. Chang provided comment indicating that he denies the allegations and that intends to defend the claim.

Get Help From Our Investment Fraud Lawyers

At Sonn Law Group, our unsuitable investment lawyers have deep experience handling claims related to real estate investment trusts (REITs). If you sustained significant investment losses in an unsuitable REIT, please contact our law office for a free consultation.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.

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