Michael Pak: $200K Complaint Against Citigroup Advisor

Bronx, New York financial advisor Michael Pak (CRD# 4052829) allegedly recommended an unsuitable structured note, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Citigroup Global Markets.

Mr. Pak’s BrokerCheck report discloses one investor complaint. Filed in January 2026, it alleges that as a representative of Citigroup Global Markets, he recommended an unsuitable investment in a structured note, failed in his supervisory responsibilities, breached his fiduciary duty, acted negligently, and breached contract. The pending complaint alleges damages of $200,000.

One of the most vital securities industry standards is the one established by the Investment Advisers Act of 1940, which stipulates that advisors must uphold a fiduciary duty to their clients. In essence, this means that they may not place their own interests ahead of the investor’s. Among other things, the fiduciary standard requires advisers to fully and fairly disclose potential conflicts of interest that might render their recommendations or advice not disinterested. The SEC’s Regulation Best Interest establishes a similar requirement, specifically obliging representatives to “make full and fair disclosure to the retail customer of all material facts relating to conflicts of interest that are associated with the recommendation” at the time they make it. Representatives who violate these standards may be subject to disciplinary action or found liable for damages.

According to the Financial Industry Regulatory Authority, Michael Pak holds 26 years of securities industry experience. Based in the Bronx, New York, he has been registered as a broker and an investment advisor with Citigroup Global Markets since 2007. He was previously registered with Citicorp Investment Services in the Bronx, New York from 2000 until 2007. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; and the General Securities Representative Examination, or Series 7. He holds 32 state licenses. (Information current as of March 22, 2026.)

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