Last Updated: February 2024 (Milpitas, CA )
Tuan Kien Loy Investigation Summary
Here’s what you need to know about Milpitas, CA, stockbroker Daniel Tuan Kien Loy:
- Name: Mr. Daniel Tuan Kien Loy
- Current Employer: Independent Financial Group LLC dba LTK Wealth Management
- Previous Firms: Voya Financial Advisors, MetLife Securities
- Function: Stock Broker/ Financial Advisor
- Aliases: Tuan Kien Loy
- Primary Location: Milpitas, CA
- CRD 3029654
- Can Tuan Kien Loy be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement: $370,000
- Discloses Separation from Employer after Allegations: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Tuan Kien Loy As Your Stockbroker?
In 5/2023 a customer of Voya Financial Advisors was paid $370,000 to resolve a FINRA arbitration alleging that between 2013-2015 Tuan Kien Loy misrepresented alternative investment products by stating they would provide more diversification, were safe and suitable investments (REITs) that would receive a return of principal in three to five years.
In 10/2022 another customer of Voya Financial Advisors was paid $75,000 to settle a FINRA arbitration alleging that Tuan Kien Loy misled the customer by recommending an unsuitable strategy in various illiquid alternative investments starting around 2014.
In 9/2015 Tuan Kien Loy was ‘permitted to resign’ from Voya Financial Advisors who make the following allegation on his FINRA record: “ Representative attempted to resign while on heightened supervision for using an unapproved email and not submitting two pieces of advertising for approval.”
Allegations of Broker Misconduct Against Tuan Kien Loy
Customers of Tuan Kien Loy have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in illiquid alternative investments
- Misrepresented alternative investments as being safe and suitable
- Misrepresented alternative investments by stating they would return principal in 3-5 years
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Tuan Kien Loy, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
