Just one year after her termination from The Leaders Group of Littleton, Colorado for participating in 27 private securities transactions with sales in excess of $16 million, FINRA barred broker Jun Zhou aka Justine Zhou over undisclosed participation in private securities transactions pertaining to her real estate fund called Zhou Fund I LLC.
Investigators, in AWC #2018059391501, found that stockbroker Jun Zhou (CRD #2825595) individually and through a real estate company she owned and controlled participated in sales of over $9 million in membership interests and $5 million in a promissory note, which netted Zhou's real estate company $179,000 in compensation. Zhou and her real estate company purportedly sold $2 million in membership interests in Zhou Fund to 12 investors, including three Leaders Group customers, which also resulted in Zhou's company receiving compensation including a quarterly asset management fee and sourcing fee of $20,000.
FINRA wrote that amongst Zhou's investors were Leaders Group clients and that Zhou failed to disclose and/or receive approval from Leaders Group to participate in the private securities transactions.
The Leaders Group discharged Zhou in 2018 after discovering she was listed as the agent of record for Zhou Fund, LLC, according to a filing with the SEC, something that was not reported or approved by the firm.
If you have invested with former Leaders Group broker Jun "Justine" Zhou or with any financial adviser or representative who has sold private securities, without disclosing the transactions or seeking approval from their FINRA-member firm, and this selling away activity has proven harmful to your investments or interests as a result of the firm's inability to adequately supervise the securities transactions, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.