DID PETER T PO CAUSE YOU INVESTMENT LOSSES?
Peter Po Of Emerson Equity LLC and Formerly with NI Advisors Has 14 Customer Complaints For Alleged Broker Misconduct
About Peter Po Of Emerson Equity LLC?
Peter Po (CRD #3106974) is currently registered with Emerson Equity LLC in Cupertino, CA, as of May 2024. Over his career, Po has been registered with multiple firms, including NI Advisors from August 2015 to May 2024, Voya Financial Advisors, Inc. from October 2007 to August 2015, MetLife Securities Inc., and several other firms. He has passed three general industry/product exams and two multi-state securities law exams. His experience spans various roles in the securities industry, focusing on different investment products, reflecting a broad and versatile background in financial services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Peter Po Customer Complaints and Reviews
Peter T. Po has multiple negative disclosures reported, including customer disputes and a termination:
- Customer Disputes (8 incidents):
- Dispute 1 (Settled): Filed on February 28, 2023, the client alleged breach of fiduciary duty, suitability, negligence, and failure to supervise regarding investments in GWG L-bonds, with alleged damages between $50,000 to $100,000. Settled for $20,000 on March 20, 2024, with no personal contribution from Po.
- Dispute 2 (Settled): Filed on November 18, 2022, the client alleged unsuitable product recommendations and negligence concerning GWG L-bonds, claiming $150,000 in damages. Settled for $41,362 on October 25, 2023, with Po contributing $20,681.
- Dispute 3 (Settled): Filed on August 3, 2022, involved allegations of breach of contract and other violations regarding GWG L-bonds, with claimed damages of $296,460. Settled for $99,447.04 on October 18, 2023, with no personal contribution from Po.
- Dispute 4 (Settled): Filed on June 16, 2022, clients alleged unsuitability for GWG bonds purchased in 2018-2021, claiming $399,000 in damages. Settled for $150,000 on August 17, 2023, with no personal contribution from Po.
- Dispute 5 (Settled): Filed on June 3, 2022, clients claimed unsuitability, breach of contract, and supervision failures for GWG bonds purchased in 2018-2020, with claimed damages of $878,955. Settled for $235,000 on June 19, 2023, with no personal contribution from Po.
- Dispute 6 (Settled): Filed on April 11, 2022, a client alleged unsuitable recommendation for a debt-asset-backed product purchased in 2019-2020, with claimed damages of $50,000. Settled for $31,125 on July 7, 2022, with no personal contribution from Po.
- Dispute 7 (Settled): Filed on September 15, 2021, the client alleged unsuitable, high-risk investments, claiming $99,999 in damages. Settled for $62,500 on October 25, 2022, with no personal contribution from Po.
- Dispute 8 (Settled): Filed on January 3, 2001, the client alleged unauthorized trades in mutual funds, claiming $19,755 in damages. Settled for $11,081.89 on April 5, 2001, with no personal contribution from Po.
- Employment Termination (1 incident):
- Termination from Voya Financial Advisors, Inc.: Po was discharged on August 4, 2015, for violating firm policies, including providing inaccurate customer asset information, using an unapproved email address, engaging in unapproved outside business activities, and discussing investment products through unapproved radio show appearances.
Allegations Against Peter Po
The allegations against Peter T. Po in the disclosed events include:
- Customer Disputes:
- Breach of Fiduciary Duty, Suitability, and Negligence: Allegations across multiple disputes centered around the unsuitability of GWG L-bonds, negligence, and breach of fiduciary duty. These claims resulted in substantial settlements, although Po did not personally contribute to most of the settlements.
- Unauthorized Trades: One dispute involved claims of unauthorized mutual fund trades, which led to a settlement without Po’s personal financial contribution.
- Termination Allegations:
- Policy Violations: Po was terminated from Voya Financial Advisors, Inc. for providing inaccurate customer information, using unapproved communication channels, and engaging in unauthorized business activities, reflecting significant compliance issues.
Peter Po Red Flags & Your Rights As An Investor
Of course, Peter Po did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Peter Po at Emerson Equity LLC and NI Advisors on alert to review carefully the activity and performance of their accounts and question whether Peter Po has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Emerson Equity LLC and NI Advisors also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Emerson Equity LLC Due To Peter Po
If you have questions about Emerson Equity LLC, NI Advisors and/or Peter Po and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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