Last Updated: December 2024 (El Paso, TX)
Hau K. Tran Investigation Summary
Here’s what you need to know about El Paso, TX, stockbroker Hau K. Tran:
- Name: Hau Kim Tran
- Current Employer: Transamerica Financial Advisors, Inc.
- DBA: LSPN Pro LLC, Register Social Security Analysis, Sassie Mystery Shopper
- Function: Stockbroker / Financial Advisor
- Aliases: Hau Tran
- Primary Location: El Paso, TX
- CRD: 2906135
- Can Hau Tran be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Highest Customer Dispute Seeks Damages: $479,890.37
If you’ve sustained damages from Mr. Tran, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Hau Tran As Your Stockbroker?
A pending customer dispute, filed on August 12, 2024, alleges that annuity purchases sold by Hau Tran were unsuitable for the client’s estate. The damages claimed are $479,890.37 plus 7% interest from May 2017. The allegations suggest potential violations of FINRA Rule 2111, which requires that brokers recommend investments suitable for their clients’ financial objectives and risk tolerance.
See this for our prior investigations of cases involving Annuities
FINRA Rule 2111- suitability – Regulation Best Interest
Previous disputes involving Hau Tran include a 2011 complaint alleging failure to repay a personal loan and mismanagement of life insurance policies, with damages claimed at $169,146. This case was denied and closed without action.
Allegations of Broker Misconduct Against Hau Tran
Hau Tran has faced multiple allegations and disputes, including:
- Unsuitable Investment Recommendations: The pending annuity dispute suggests violations of FINRA Rule 2111, which mandates suitability in investment recommendations.
- Failure to Repay Personal Loan: A 2011 customer complaint alleged failure to repay a personal loan from a customer and sought reimbursement for life insurance policy premiums, claiming damages of $169,146.
- Misrepresentation of Insurance Policies: A 2009 complaint alleged misrepresentation of an insurance policy, claiming $20,446.22 in damages. This case was also denied and closed without action.
FINRA enforces rules requiring brokers to act in their clients’ best interests and ensure the suitability and transparency of their recommendations. Allegations of unsuitable sales and mismanagement raise significant concerns about compliance with these standards.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Hau Tran, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.