Investigation Into Potential Claims Against Peter Po

Soreide Law Group is actively investigating potential claims on behalf of investors who sustained losses with securities broker Peter Po (also known as Tinchu Peter Po) (CRD: 3106974, Cupertino, California). Specifically, he has been affiliated with NI Advisors since August 19, 2015. Additionally, Po has been associated with other firms, namely Voya Financial Advisors, Inc., and Citicorp Investment Services. Notably, he has been the subject of multiple client complaints, most recently as of September 5, 2023. The investors’ allegations include breach of contract, violation of statutes, and unsuitable recommendations, among others.

Ni Advisors Investor Takes Issue With Peter Po

Notably, on September 5, 2023, a Ni Advisors client initiated FINRA Arbitration: 23-02392 about Peter Po. The client claims that Po is responsible for their anticipated loss resulting from the issuing company's declaration of bankruptcy, which led to the illiquidity of their debt-corporate holdings. Specifically, the client invested a total of $180,000 in the years 2019-2020. Because of this, the client is alleging damages amounting to $500,000 and is seeking compensation either from Ni Advisors or Po. Currently, this arbitration is pending resolution.

Peter Po Disclosed Breach Of Contract Allegations By Ni Advisors Client

Also, a client of Ni Advisors took issue with Peter Po's sales practices by filing FINRA Arbitration: 23-02123 on August 5, 2023. The client accuses Po of breach of contract, violation of statutes, breach of fiduciary duty, among other allegations. Evidently, these claims are connected to the bond issuing company declaring bankruptcy, leading to the illiquidity of the client's debt-corporate holdings, which were bought in 2021. The client is seeking relief in the amount of $100,000 in this unresolved matter.

Ni Advisors Investor Accused Po Of Breach Of Fiduciary Duty

Additionally, on July 24, 2023, a client at Ni Advisors filed FINRA Arbitration: 23-02024 about Peter Po. The client alleges breach of contract, breach of fiduciary duty, misrepresentations, and omissions, among other violations. Evidently, these claims relate to the bond issuing company. Consequently, the client claims damages of $1,300,000 and is seeking this amount from either Ni Advisors or Po. Notably, the arbitration is still pending a resolution.

Ni Advisors Investor Accused Peter Po Of Unsuitable Recommendation

Moreover, a Ni Advisors client filed FINRA Arbitration: 22-00713 concerning Peter Po. The client notably alleged that Po made an unsuitable recommendation of asset-backed debt products between the years 2019 and 2020. Because of this, the client purportedly suffered damages totaling $50,000. Consequently, on July 7, 2022, Ni Advisors chose to settle this matter by compensating the client $31,125 in damages.

Suitability Allegations By Voya Financial Advisors, Inc. Client

Specifically, a client of Voya Financial Advisors, Inc. took issue with Peter Po’s investment guidance by filing FINRA Arbitration: 21-02267. The client claimed that Po recommended a strategy largely consisting of high-risk, illiquid alternative investments, while misleading them into believing these were low-risk, safe options. The client allegedly sustained damages on real estate securities. Therefore, Voya Financial Advisors opted to settle the matter on October 25, 2022, by disbursing a sum of $62,500 to the client.

Citicorp Investment Services Investor Accused Peter Po Of Unauthorized Trades

Additionally, a Citicorp Investment Services investor filed a complaint on January 3, 2001, directed at Peter Po. The investor verbally alleged that Po engaged in unauthorized trades related to mutual funds. The investor supposedly suffered damages totaling $19,755. On April 5, 2001, Citicorp Investment Services resolved the matter by paying the client a sum of $11,081.89 to avoid the costs and risks linked with legal proceedings.

Experienced Losses Due To Po?

Did you experience losses because of Peter Po? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered money for investors throughout the United States, works on a contingency fee basis, and advances all costs. Po and brokerage firms he worked for deny accusations of sales practice violations.