Stephen Yauman Kwan, Broker with Madison Avenue Securities, Facing Customer Disputes Alleging Unsuitable Recommendation of GPB Capital Investments

INVESTORS: Madison Avenue Securities broker Stephen Yauman Kwan is facing pending customer disputes alleging unsuitable recommendations of GPB Capital investments. 

Stephen Yauman Kwan (CRD#: 3183681) is registered as a broker and investment adviser with Madison Avenue Securities, where he’s been employed since 2006. Previously, Kwan was registered as a broker with NYLife Securities from 1999 until 2006.

Kwan has four disclosures on his BrokerCheck report.

November 2021 Customer Dispute

Status: Pending

Allegations: Claimants allege unsuitable recommendations of GPB

September 2021 Customer Dispute

Status: Pending

Allegations: Claimants allege unsuitable recommendations of GPB

March 2021 Customer Dispute

Status: Pending

Allegations: Claimants allege unsuitable recommendations of multiple alternative investments, failure to supervise and breach of fiduciary duty. First investments started in 2011.

February 2020 Customer Dispute

Status: Settled

Allegations: Claimants allege failure to conduct Due Diligence on several points, unsuitable recommendation, over concentration, misrepresentations and omissions in violation of Texas and FINRA regulations in the sale of GPB.

Damage Amount Requested: $100,000.00

Settlement Amount: $65,003.71

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