Tuan Anh Ngo (also known as Toon Ngo) of Culver City California a stockbroker formerly associated with VFG Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations of Ngo’s failure to supervise a stockbroker who provided a customer with bad recommendations concerning equipment leasing securities as well as direct investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03424.
This is not the first time that Ngo’s sales practices or supervision has become the subject of an investor dispute. FINRA Public Disclosure additionally reveals that on August 28, 2019, a customer initiated investment related arbitration claim in reference to Ngo’s conduct was resolved for $75,000.00 in damages based upon accusations of Ngo’s failure to supervise which resulted in the VFG Securities customer having experienced losses on real estate securities, oil and gas securities as well as direct participation program interests or limited partnership interests. FINRA Arbitration No. 18-02324.
Ngo’s registration with VFG Securities has been terminated as of November 20, 2017. Between October 13, 2017 and April 3, 2019, Ngo was registered with Westpark Capital Inc. Since April 4, 2019, he has been registered with Ares Investor Services LLC.