Tuan Ngo Involved In VFG Investor Dispute

Investor Dispute Concerns Tuan Ngo And VFG Securities

New FINRA BrokerCheck disclosures concern securities broker Tuan Anh Ngo “Toon Ngo” (CRD#: 2819426, New York, New York). Evidently, Ngo worked as a financial advisor for VFG Advisors from 2011 to 2018. Also, he was a securities broker for VFG Securities Inc. from 2010 to 2017. Here is a brief summary of the disclosures involving allegations of unsuitable recommendations and failure to supervise. Plus, read on to learn what you could do if you experienced damages from sales practice violations.

VFG Securities Client Alleges Unsuitable Equipment Leasing Investments, Direct Investments By Someone Under Tuan Ngo’s Supervision

Evidently, a client of VFG Securities contested Tuan Ngo’s sales practices by bringing an investment dispute on November 29, 2019. Notably, the client’s allegations against the securities firm or broker include unsuitable recommendations (by someone Ngo supervised). Although, Ngo denies the allegations of unreasonable sales practices. Still, the client contended that Ngo’s actions had caused damages on direct investments and equipment leasing investments. It seems that the client accepted $20,000 in damages from the securities firm in a settlement on August 25, 2021.

Client Alleges Failure To Supervise At VFG Securities Inc.

Particularly, a client objected to Tuan Ngo’s actions as a securities broker when working for VFG Securities, as the client brought an investment dispute on July 10, 2018. Namely, the securities firm or broker is accused of failure to supervise. Supposedly, Ngo purportedly caused the client to face damages via his actions relating to DPPs, LPs, oil and gas investments, and real estate securities. For this reason, VFG Securities acquiesced to resolving this matter, without admitting liability, by paying the client $75,000 in damages on August 28, 2019.

Losses By Investing Through Tuan Ngo?

Securities broker Tuan Ngo denies allegations of improper sales practices. Have you experienced investment losses by interacting with this broker? You can reach out to Soreide Law Group at (888) 760-6552 to speak with experienced counsel concerning a possible recovery of your investment losses. Also, we take cases on a contingency fee arrangement and advance all costs. The law firm has recovered compensation for many US clients who have experienced losses from securities brokers and financial advisors.