April 2020- Chicago, IL
The FINRA records of Jun Zhou, a broker previously employed by The Leaders Group, Inc. & Farmers Financial Solutions, disclose a regulatory event resulting in her bar from the securities industry and a termination.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In November 2019, Zhou was permanently barred from the securities industry by the Securities and Exchange Commission after allegations that “she participated in private securities transactions with sales of $16,050,000 and selling compensation of $199,000 without providing written notice to, or receiving approval from, her member firm. The findings stated that Zhou, both individually and through a small real estate company she wholly owned and controlled, participated in the sale of membership interests in private real estate funds managed by a third party and in a promissory note with that third-party fund manager. The fund membership interests and the promissory note were securities. In addition, Zhou formed a private real estate fund managed by Zhou’s real estate company. Zhou subsequently filed, on behalf of the fund, a notice of exempt offering of securities with the Securities and Exchange Commission (SEC) related to transactions through which Zhou and her real estate company sold membership interests in the fund to investors, including firm customers. In connection with these transactions, Zhou’s real estate company received from the fund a sourcing fee and a quarterly asset management fee.”
Zhou was employed with The Leaders Group, Inc. from November of 2015 until she was discharged in August of 2018 after allegations that Zhou was agent of record for Zhou Fund, LLC, a reg D filing with the SEC. This was not reported or approved. Before that she was employed with Farmers Financial Solutions.
Zhou discloses affiliations with Jun Zhou CPA, LTD, Jun Zhou Insurance Agency, Inc., CityWide Real Estate, Inc. and Farmers Insurance Group.
If you have problems in an account handled by Jun Zhou call for a no charge consultation .
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
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