Suihock Goy Named in Disputes Involving GWG L Bonds

Suihock Goy (CRD #: 2821380), a broker registered with Ni Advisors, is involved in several investor disputes, according to his BrokerCheck record, accessed on January 18, 2025. Keep reading if you want to know more about his conduct as a broker.

Investor Dispute

Three pending disputes name Suihock Goy in the following allegations:

• December 23, 2024: Breach of contract with regard to corporate bonds. Investor seeks $100,000.
• May 16, 2024: Breach of contract, negligence, failure to supervise, and violation of Regulation Best Interest in connection with GWG Holdings’ bonds. The client seeks $210,000.
• August 5, 2023: Breach of contract and violation of statutes in relation to a bond. They seek $100,000.

Four disputes, three filed in April 2023 and one in August 2022, named Suihock Goy in allegations of failure to supervise relating to GWG Holdings’ L Bonds. These disputes also made allegations of breach of contract, negligence, and violation of the suitability rule. These disputes were settled for $265,000.

On January 27, 2023, a dispute alleged that Suihock Goy breached his contract with regard to the sale of bonds in 2019. This dispute was settled for $225,000.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish systems of supervision over their employees in order to detect and prevent violations of securities regulations. Among other things, firms must appoint supervisors and ensure that they have adequate training or experience.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. An investor’s profile describes certain characteristics, such as their risk tolerance, age, and financial goals.

Brokers must also follow this rule when recommending investment strategies. For example, overconcentration in a particular stock or security is a strategy that can be unsuitable for investors.

Investors who rely on their broker for recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Suihock Goy has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• Series 99TO Operations Professional Examination 
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 14 – General Securities Representative Examination 
• Series 53 – Municipal Securities Principal Examination
• Series 27 – Financial and Operations Principal Examination
• Series 24 – General Securities Principal Examination

Suihock Goy is a registered broker in 23 states and a registered investment adviser in California, Florida, Massachusetts, and Texas.

He has also worked for the following firms:

• White Pacific Securities (CRD#:42505)
• PMB Securities Corporation (CRD#:118642)
• Morgan Stanley DW (CRD#:7556)
• InterFirst Capital (CRD#:7659)

Kurta Law Can Help

If you worked with Suihock Goy and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.