Daniel Loy: $1 Million Investor Complaint Against Milpitas Rep

LTK Wealth Management’s Daniel Loy (CRD# 3029654) has received pending investor complaints alleging more than $1 million in damages. Financial Industry Regulatory Authority records show that he is registered with the Independent Financial Group branch in Milpitas, California as a broker and as an investment adviser.

The most recent investor complaint disclosed on Mr. Loy’s BrokerCheck report was filed in September 2021. It alleges that as a representative of Voya Financial Advisors, he misrepresented alternative investments in real estate securities as “safe and suitable investments” that would “receive a return of principal generally between three and five years.” The pending complaint alleges $1,000,000 in damages.

A second pending investor complaint against Mr. Loy was also filed in 2021. It alleges that as a representative of Voya Financial Advisors, he “misled” the client and “recommended an unsuitable investment strategy in various illiquid investments.” The claimant has alleged damages of $150,000 in the pending complaint.

Mr. Loy’s BrokerCheck report also discloses his 2015 resignation from a former member firm. According to the disclosure, he was permitted to resign from Voya Financial Advisors “while on heightened supervision for using an unapproved email and not submitting two pieces of advertising for approval.”

According to the Financial Industry Regulatory Authority, Daniel Loy holds 23 years of securities industry experience. He is a representative of LTK Wealth Management, a branch of Independent Financial Group, where he has been registered as a broker and an investment adviser since 2015. His past registrations include Voya Financial Advisors (Milpitas, California; 2007-2015), MetLife Securities (Foster City, California; 2004-2007), Mony Securities Corporation (New York, New York; 2004), and Citicorp Investment Services (Long Island City, New York; 1998-2004). His credentials include the passage of four securities industry examinations: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He holds eight state securities licenses. (Information current as of March 28, 2022.)

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