Did You Lose Money Because of Peter Po?
Filed: October 25, 2023
Peter Po (also known as Tinchu Peter Po) currently has eight (8) pending customer complaints. Overall, he has been the subject of one (1) termination event and fourteen (14) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Peter T Po.
Who Is Peter Po of NI Advisors?
- Advisor Name: Peter T Po
- Aliases: Peter Po, Tinchu Peter Po
- CRD: 3106974
- Location: Cupertino, California
- Current Employer: NI Advisors
- Previous Firms: Voya Financial Advisors, Inc. and Metlife Securities Inc.
- Number of Known Customer Complaints: 14
- Number of Known Termination Events: 1
- Can Peter Po Be Sued: Yes, in Private Arbitration
- Can Peter Po’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,300,000
- Highest Settlement: $235,000
If you have suffered investment losses by Peter Po, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Peter Po For Broker Misconduct
As of this publication date, Peter Po has been the subject of 1 termination event and 14 customer disputes. Let’s review them below.
In September 2023, a FINRA arbitration was filed against or in reference to Peter Po by multiple customers of NI Advisors. The claim is for clients’ anticipated loss due to the issuing company declaring bankruptcy resulting in current illiquidity of holdings. The client has invested a total of $180,000 during 2019-2020. Per the customers, they lost over $500,000 because of Mr. Po’s actions. As of this publication date, this arbitration claim remains pending..
In August 2023, a FINRA arbitration was filed against or in reference to Peter Po by a customer of NI Advisors with allegations of breach of contract, violation of statutes, breach of fiduciary duty, claims under common law, and vicarious liability relating to the bond issuing company declaring bankruptcy, causing illiquidity of the holdings until the bankruptcy is resolved. Bonds were purchased in 2021. Per the customer, he/she lost over $100,000 because of Mr. Po’s actions. As of this publication date, this arbitration claim remains pending.
In July 2023, a FINRA arbitration was filed against or in reference to Peter Po by a customer of NI Advisors with allegations of breach of contract, violation of statutes, breach of fiduciary duty, claims under common law, and vicarious liability relating to the bond issuing company declaring bankruptcy, causing illiquidity of the holdings until the bankruptcy is resolved. Bonds were purchased in 2018-2021. Per the customer, he/she lost over $1,300,000 because of Mr. Po’s actions. As of this publication date, this arbitration claim remains pending.
In April 2023, a FINRA arbitration was filed against or in reference to Peter Po by a customer of NI Advisors alleging that Mr. Po violated and breached his fiduciary duty, was negligent and committed negligent misrepresentation, breached contract, failed to supervise, and negligent violation of regulation best interest in GWG L-bonds which subsequently sought reorganization through bankruptcy. Per the customer, he/she lost over $5,000 because of Mr. Po’s actions. As of this publication date, this arbitration claim remains pending.
In April 2023, a complaint was filed against or in reference to Peter Po by a customer of NI Advisors alleging that Mr. Po violated Federal securities laws, California securities laws, California unfair, unlawful, and fraudulent business practice. The client also added allegations including breach of contract, common law fraud, breach of fiduciary duty, negligence, and gross negligence in GWG L-bonds which subsequently sought reorganization through bankruptcy. Per the customer, he/she lost over $5,000 because of Mr. Po’s actions.
In March 2023, a FINRA arbitration was filed against or in reference to Peter Po by a customer of NI Advisors with allegations including breach of fiduciary duty, suitability, negligence, failure to supervise, regarding investment in GWG L-bonds which subsequently sought reorganization through bankruptcy. The five to seven year bond investments occurred in 2019-2021. Per the customer, he/she lost over $50,000 because of Mr. Po’s actions. As of this publication date, this arbitration claim remains pending.
In November 2022, a FINRA arbitration was filed against or in reference to Peter Po by a customer of NI Advisors with allegations of unsuitable product, negligence, misrepresentation, etc., regarding GWG L-bonds. Per the customer, he/she lost over $150,000 because of Mr. Po’s actions. As of this publication date, this arbitration claim remains pending.
In August 2022, a FINRA arbitration was filed against or in reference to Peter Po by multiple customers of NI Advisors with allegations of breach of contract, violations of laws, etc., regarding GWG L-bonds to three individuals in 2018, 2019, and 2020. Per the customers, they lost over $296,460 because of Mr. Po’s actions. As of this publication date, this arbitration claim remains pending.
In August 2022, a FINRA arbitration was filed against or in reference to Peter Po by multiple customers of NI Advisors alleging unsuitability for recommendation of GWG bonds purchased in 2018-2021. Per the customers, they lost over $399,000 because of Mr. Po’s actions. As of this publication date, this arbitration claim remains pending.
In June 2022, a FINRA arbitration was filed against or in reference to Peter Po by multiple customers of NI Advisors with allegations of breach of contract, suitability concerns, etc., in purchase of GWG bonds during 2018-2020 for two clients. Per the customers, they lost over $878,955 because of Mr. Po’s actions. On June 19, 2023, Mr. Po settled the claim for $235,000, and some or all of this amount may have been paid by Mr. Po’s employer and/or insurance carrier.
In April 2022, a FINRA arbitration was filed against or in reference to Peter Po by a customer of NI Advisors alleging that Mr. Po made unsuitable recommendations about a product purchased during 2019-2020. Per the customer, he/she lost over $50,000 because of Mr. Po’s actions. On July 7, 2022, Mr. Po settled the claim for $31,125, and some or all of this amount may have been paid by Mr. Po’s employer and/or insurance carrier.
In September 2021, a FINRA arbitration was filed against or in reference to Peter Po by a customer of Voya Financial Advisors, Inc. alleging that Mr. Po recommended an investment strategy that was mostly comprised of unsuitable, high risk, illiquid, alternative investments, and the client was misled to believe that the investments were safe and low risk. Per the customer, he/she lost over $99,999 because of Mr. Po’s actions. On October 25, 2022, Mr. Po settled the claim for $62,500, and some or all of this amount may have been paid by Mr. Po’s employer and/or insurance carrier.
In January 2018, a complaint was filed against or in reference to Peter Po by a customer of Voya Financial Advisors, Inc. alleging that Mr. Po misrepresented an investment as a safe, conservative investment that would pay an annual dividend of 6.8% when the product was purchased in April 2015. Per the customer, he/she lost over $100,000 because of Mr. Po’s actions.
In August 2015, Voya Financial Advisors, Inc. terminated Mr. Po for violating several firm policies, including providing inaccurate customer assets in connection with a product transaction, use of an unapproved email address, engaging in unapproved outside business activities, and discussion of investment products through radio show appearances which were not approved by the firm.
In January 2001, a complaint was filed against or in reference to Peter Po by a customer of Citicorp Investment Services alleging that Mr. Po was involved in unauthorized trades. Per the customer, he/she lost over $19,755 because of Mr. Po’s actions. On April 5, 2001, Mr. Po settled the claim for $11,081.89, and some or all of this amount may have been paid by Mr. Po’s employer and/or insurance carrier.
How To File A Claim Against Peter Po of NI Advisors (previously with Voya Financial Advisors, Inc. and Metlife Securities Inc.) To Get Your Money Back.
If you have questions about Peter Po, NI Advisors, Voya Financial Advisors, Inc., Metlife Securities Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553. Our team has recovered approximately $25 million dollars on behalf of investors who lost money due to bad advice by their broker or brokerage firm. We’d love to help you out too.
