Investor Warned About Schwab Advisor Andy Cheng

A recent denied investor complaint against financial advisor Andy Cheng (CRD# 5471374) alleges that his advice resulted in financial damages.

Financial Industry Regulatory Authority records show that Andy Cheng is registered as a broker with Charles Schwab & Company. He has a long history of working in the securities industry, with 17 years of experience.

The complaint, filed in May 2026, alleged that Andy Cheng misrepresented an investment as being 'safe with low risk and stable return', although the customer went on to lose money. Investors should be aware that Financial Industry Regulatory Authority rules prohibit brokers from providing misleading information.

According to the Financial Industry Regulatory Authority, Andy Cheng holds credentials, including the passage of six securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; and the General Securities Representative Examination, or Series 7. He is licensed in multiple states.

At Carlson Law, we represent investors nationwide in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.