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Home » Broker Blog » Lickhai Quach Resigns from Transamerica Financial Advisors

Lickhai Quach Resigns from Transamerica Financial Advisors

Lickhai Quach (CRD #: 2804704), a broker formerly registered with Transamerica Financial Advisors, allegedly failed to repay a loan from a client, according to his BrokerCheck record, accessed on April 11, 2023. Keep reading if you want to know more about his alleged conduct as a broker.

Resignation from Transamerica Financial Advisors

On March 10, 2023, Lickhai Quach was permitted to resign from Transamerica Financial Advisors following a complaint alleging that he failed to repay funds borrowed from a client.

FINRA Rule 3240

FINRA Rule 3240 describes the circumstances under which brokers may borrow from or lend to clients, such as loans between immediate family members.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Investor Dispute

On February 17, 2023, an investor alleged that Lickhai Quach borrowed funds from them and failed to pay them back. They seek $110,000 in damages in this pending dispute

Background Information

Lickhai Quach has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination
  • Series 26 – Investment Company Products/Variable Contracts Principal Examination

He has also worked for the following firms:

  • Transamerica Financial Advisors (CRD#:16164)
  • World Group Securities (CRD#:114473)
  • WMA Securities (CRD#:32625)

Kurta Law Can Help

If you worked with Lickhai Quach and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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