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Sui-Hock Goy: $100K GWG Complaint Against NI Advisors Rep
A recent investor complaint against Milpitas, California financial advisor Sui-Hock Goy (CRD# 2821380) alleges various forms of misconduct relating to an investment in GWG L bonds. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with NI Advisors.
Mr. Goy’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in August 2022, alleges breach of contract, supervisory failures, and unsuitable recommendations relating to an investment in GWG L bonds. The pending complaint alleges damages between $100,000 and $500,000.
A second investor complaint, filed in April 2022, alleges that an investment in asset-backed debt was unsuitable. In July 2022 the complaint reached a settlement of $31,125.
A third investor complaint, filed in 2004, alleged that as a representative of White Pacific Securities, Mr. Goy recommended an unsuitable investment and failed to follow instructions. The complaint reached a settlement of $16,101.22.
According to the Financial Industry Regulatory Authority, Sui-Hock Goy holds 24 years of securities industry experience. Based in Milpitas, California, he has been a broker and an investment advisor with NI Advisors since 2005 and 2012, respectively. The firm’s President, CEO, CFO, and Chief Compliance Officer, he is also registered with its offices in Staten Island, New York; Cupertino, San Jose, Daly City, Arcadia, Hacienda Heights, Fair Oaks, Los Gatos, and Orange, California; Basking Ridge, New Jersey; Dedham, Massachusetts; and St. Louis, Missouri. His past registrations include NI Advisors, White Pacific Securities, PMB Securities, Morgan Stanley, Morgan Stanley DW, and InterFirst Capital Corporation. His credentials include the passage of seven securities industry qualifying examinations: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Principal Examination, or Series 24; the Financial and Operations Principal Examination, or Series 27; the Municipal Securities Principal Examination, or Series 53; the General Securities Representative Examination, or Series 7; and the Securities Industry Essentials Examination, or SIE. He holds 25 state licenses. (Information current as of August 22, 2022.)
Carlson Law represents several investors involved in GWG L bond claims against financial advisors and investment firms throughout the United States. If you or a loved one have suffered losses investing in GWG L bonds, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.