The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Billy Zhang. According to his publicly available FINRA BrokerCheck report, Billy Zhang has been the subject of a customer complaint.

Billy Zhang was a California based securities broker. He worked in the securities industry for nine years. During his career, he was registered two different securities firms. Billy Zhang is no longer working as a registered securities broker in any fashion.

His Registrations

  • AXA Advisors (2008-2011, 2012-2018)
  • MetLife Securities (2011-2012)

The Allegations

  • Billy Zhang was permitted to resign from his position at AXA Advisors in April 2018 following allegations that he made unauthorized fund withdrawals.
  • In January 2019, customers alleged that Billy Zhang made material misrepresentations and made unsuitable recommendations regarding annuities and insurance policies. Billy Zhang allegedly failed to disclose the charges and fees associated with these annuities and insurance policies. The customers also alleged that Zhang forged their signatures on multiple forms.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Billy Zhang, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.