Alan Ngo: Primerica Advisor Barred by FINRA

Former Freehold, New Jersey financial advisor Alan Ngo (CRD# 4273116) was recently sanctioned and barred in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he was most recently registered as a broker with PFS Investment Services, also known as Primerica.

A Letter of Acceptance, Waiver, and Consent (No. 2026088818101) describes FINRA’s disciplinary action against Mr. Ngo. Filed in May 2026, it alleged that “refused to provide information and documents and to appear for testimony requested pursuant to FINRA Rule 8210 in connection with an investigation into whether [he] sold securities away from his member firm.” As it explains, Rule 8210 empowers FINRA to require persons under its jurisdiction to provide documents, information, and testimony connected with matters under its investigation. The rule also forbids such persons from refusing to comply with such requests. As a result of his alleged failure to comply, FINRA barred him from associating with any FINRA member firm in any capacity.

Investors should be aware that FINRA Rule 3280 prohibits FINRA registered representatives from engaging in private securities transactions except under certain conditions. The rule defines such transactions as “any securities transaction outside the regular course or scope of an associated person’s employment with a member.” Also known as selling away, a broker’s participation in private securities transactions is permissible in some cases, such as transactions with immediate family members for which no FINRA associated person receives selling compensation, provided the representative provides written notice to their member firm. Private securities transactions are generally also subject to an individual firm’s policies and procedures. Representatives who improperly engage in private securities transactions may subject to disciplinary actions by their member firms and/or securities regulators like FINRA.

According to the Financial Industry Regulatory Authority, Alan Ngo holds 22 years of securities industry experience. Most recently based in Freehold, New Jersey, he was last registered as a broker with PFS Investment Services, also known as Primerica, from 2003 until 2025. His credentials include the passage of two securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is no longer registered as a broker with any state or firm. (Information current as of May 9, 2026.)

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