Investors might have sustained losses due to securities broker Daniel Tuan Kien Loy (also known as Tuan Loy) [CRD: 3029654, Milpitas, California], according to disclosures on FINRA BrokerCheck. Evidently, Daniel Loy has worked with Independent Financial Group LLC following his registration with Voya Financial Advisors. Check out the following information about the disclosures involving this broker.
Specifically, on February 28, 2025, a Voya Financial Advisors Inc. client filed FINRA Arbitration No. 25-00375 about Daniel Loy. Allegedly, Loy made unsuitable recommendations. Supposedly, he also misrepresented a real estate security as capable of providing income without risk. Because of this, the client allegedly sustained damages. As a result, the client requested compensation from Voya Financial Advisors Inc. or Loy. This is an ongoing matter.
Particularly, a Voya Financial Advisors Inc. client filed FINRA Arbitration No. 22-00793 about Daniel Loy. Allegedly, Loy made misrepresentations by stating that alternative investments were safe investments. The broker supposedly claimed that the products would return principal generally between three and five years. Therefore, on May 8, 2023, Voya Financial Advisors Inc. settled this matter by paying the client $370,000.00 in damages.
Also, a client of Voya Financial Advisors Inc. contested Daniel Loy’s sales practices by filing FINRA Arbitration No. 21-02193. Allegedly, Loy recommended an unsuitable investment strategy and misled the client about illiquid alternative investments including REITs. Consequently, Voya Financial Advisors Inc. opted to settle the matter on October 11, 2022, by compensating the client in the amount of $75,000.00.
Do you have concerns about investments you made through Daniel Loy? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak to a securities attorney about a possible recovery. Soreide Law Group has substantial experience recovering losses for clients located throughout the country. The firm also works on a contingency fee arrangement and advances all costs. Loy and brokerage firms Loy worked for deny allegations of sales practice violations.
Summit Brokerage and Independent Financial Group each appear on a pending customer claim naming Gilbert Conrad (CRD 2746778). Both claims are unproven allegations. His BrokerCheck report also lists settled disputes at Arkadios Capital and Independent Financial Group.
On August 6, 2026, a customer filed a $400,000 FINRA arbitration naming Chad McQuade (CRD 5436281) and Northwestern Mutual. The claim involves outside, third-party real estate investments. It is pending, and McQuade disputes it in a written response.
Christopher Miller (CRD 4044818) has a customer dispute on BrokerCheck that settled on October 7, 2026 for $50,901. The disclosure lists Emerson Equity as the firm.
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