Investor Alert: Haselkorn & Thibaut Investigates Chihyu “Jerry” Hsu in Denver, CO (Formerly with Park Avenue Securities LLC)
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If you have invested with Chihyu “Jerry” Hsu in Denver, Colorado or throughout the United States, it’s important to stay updated on recent developments. Haselkorn & Thibaut, P.A. (investmentfraudlawyers.com), a national investment fraud law firm with a 98% success rate and over 50 years of experience, is currently investigating Jerry Hsu regarding possible claims concerning financial losses. If you were a client of Mr. Hsu, understanding your rights and options could be crucial in recovering any investment losses.
About Chihyu “Jerry” Hsu — Profile Overview
| Name: | Chihyu J. “Jerry” Hsu |
| CRD Number: | 6193150 |
| Most Recent Broker-Dealer: | Park Avenue Securities LLC (Greenwood Village, CO) 02/2018–09/2024 |
| Former Employers: | Northwestern Mutual Investment Services, LLC (Denver, CO) 04/2015–12/2017 Morgan Stanley (Colorado Springs, CO) 03/2014–05/2014 |
| Current Registration Status: | Not registered with a FINRA-member broker-dealer |
| Current Position: | Guardian Life Insurance Company — Agent (insurance) |
| Licenses Held: | SIE, Series 7, Series 63 (all currently not active with a FINRA-member broker-dealer) |
Haselkorn & Thibaut’s investigation is focused on possible claims of losses associated with Mr. Hsu’s role while at Park Avenue Securities LLC and his general handling of client accounts.
Key Allegations & Background Information
While Jerry Hsu was registered with Park Avenue Securities LLC (from February 2018 through September 2024), concerns have emerged regarding sales practices and the management of customer accounts. Here’s what’s currently known:
- Pending Customer Dispute: A customer has alleged significant misconduct related to the transfer of funds from an IRA to a personal checking account for a variable annuity purchase, with subsequent instructions to send funds to Mr. Hsu’s personal bank account. The customer did not receive documentation or confirmation of the annuity and reported being unable to contact Mr. Hsu afterward. The complaint seeks $77,000 in damages.
- Nature of Product Involved: Brighthouse Financial variable annuity.
- Types of Allegations:
- Unsuitable recommendations
- Breach of fiduciary duty / Best interest
- Fraud or misappropriation
- Theft and mishandling of customer funds
What is Annuity Switching and Why Does It Matter?
Annuity switching refers to the act of moving a client from one annuity to another, sometimes resulting in surrender fees, tax penalties, or the loss of benefits. Unsuitable switching, or recommending a move that benefits the advisor more than the client, may indicate negligence or potential misconduct.
Regulatory Record: Clean, But Ongoing Caution Advised
Investors are often surprised to learn that a clean regulatory record does not always reflect pending or newly-filed disputes. According to FINRA BrokerCheck (last updated September 2024), there are:
- No customer complaints recorded
- No regulatory actions or SEC investigations
- No civil lawsuits/arbitrations
- No bankruptcies, tax liens, or terminations for cause
To verify this information or explore the most up-to-date status, you can check FINRA’s BrokerCheck using “Chihyu Hsu” or his CRD number (6193150). Remember that some regulatory or customer complaints may not appear until formal action is taken.
Professional Affiliations & Community Involvement
Jerry Hsu has held volunteer roles with several organizations:
- Rocky Mountain Chinese Society of Science and Engineering — Board of Directors, Executive Secretary
- Taiwanese Chamber of Commerce Greater Denver, Colorado — Board of Directors, President
- Colorado Springs Chinese Cultural Institute — President
Participation in such organizations can offer insight into an advisor’s community presence, but does not substitute for professional or regulatory scrutiny.
What Should Investors Watch for? Key Red Flags
- Unexplained Transfers: Requests to move funds between accounts, especially to an advisor’s personal account, are a major warning sign.
- Lack of Documentation: Not receiving official paperwork for an investment product, or being unable to verify account status, should prompt immediate concern.
- Limited Communication: Difficulty contacting your advisor when you have questions about your account is a red flag.
- Pressure to Switch Investments: Repeated recommendations to move funds into new, complex products (such as variable annuities) may not always be in your best interest.
What Should You Do Next?
If you were a client of Chihyu “Jerry” Hsu and have concerns about transactions or account management, you may be eligible to recover losses through FINRA arbitration or another dispute resolution process. Haselkorn & Thibaut is offering a free, confidential case review for current or former clients of Mr. Hsu, as part of their ongoing investigation.
How to Protect Yourself and Your Investments
- Check your account statements regularly for unauthorized or suspicious transfers.
- Request written confirmation for all transactions, especially for annuities or non-traditional investments.
- Reach out to professionals if you are unable to obtain clear information from your advisor.
- Act promptly — there are time limits to bring claims for financial losses.
Contact Haselkorn & Thibaut Today
If you believe you suffered losses as a result of your investments with Chihyu “Jerry” Hsu — especially while at Park Avenue Securities LLC — you are encouraged to seek a no-cost, no-obligation consultation with Haselkorn & Thibaut’s experienced team. With millions recovered for clients, and no fees unless there is a recovery, you have nothing to lose by inquiring about your options.
Call 1-888-994-8066 or visit investmentfraudlawyers.com to get started.
Protect your financial future by staying informed and taking action if you suspect any investing irregularities.
