Paul Oh: Balboa Capital Advisor Fired by Citigroup

Newport Beach, California financial advisor Paul Oh (CRD# 5885535) was recently fired by his former member firm in connection with alleged rule violations. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Citigroup Global Markets broker is currently registered as an investment advisor with Balboa Capital Markets.

Mr. Oh’s BrokerCheck report discloses his termination from Citigroup Global Markets. Filed in June 2025, it states that the firm fired him in connection with allegations that he used discretion in eleven “unrelated customer accounts without contacting clients for pre-authorization.”

FINRA Rule 3260 outlines the conditions under which brokers like Mr. Oh may engage in discretionary trading—the completion of securities transactions without prior consultation with the investor. The rule forbids brokers from exercising discretion without the customer’s prior written authorization and their firm’s acceptance of the customer’s account as discretionary. The firm’s acceptance must be “evidenced in writing by the member or the partner, officer or manager, duly designated by the member,” under the rule. Brokers who improperly engage in discretionary trading may be held liable for damages and/or subject to disciplinary action.

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Paul Oh holds 13 years of securities industry experience. Based in Newport Beach, California, he has been registered as an investment advisor with Balboa Capital Markets since October 2025. His past registrations include Citigroup Global Markets, Bancwest Investment Services, AXA Advisors, JP Morgan Securities, and Wells Fargo Advisors. His credentials include the passage of five securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is licensed in California. (Information current as of October 19, 2025.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.