Hong McGill Racks Up Fourth Investor Dispute

Hong McGill (CRD #: 2075513), a broker registered with Oppenheimer & Co., has a fourth investor dispute on his BrokerCheck record, as of July 28, 2023. Keep reading for more information about his alleged conduct as a broker.

On May 12, 2023, an investor alleged that they had suffered heavy losses due to Hong McGill’s lack of knowledge. The dispute was denied, but investors should know that firms can deny disputes without any external review. Following a denial, investors may still be able to recover their losses via FINRA arbitration.

On March 6, 2023, Truist Investment Services terminated Hong McGill following allegations that he violated firm policies that require client confirmation before transferring funds to third parties. 

There are three other investor disputes on his record. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failure to follow firm policies may violate this rule. 

Background Information 

Hong McGill has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 3 National Commodity Futures Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination 
• Series 9 General Securities Sales Supervisor – Options Module Examination 
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 24 General Securities Principal Examination 
• Series 8 General Securities Sales Supervisor Examination (Options Module & General Module) 

He is a registered broker in 12 states and D.C. He is also a registered investment advisor in D.C. and Virginia. 

Besides Oppenheimer, Hong McGill  has worked for the following firms: 

• Truist Advisory (CRD #: 283390) 
• Suntrust Investment Services (CRD #: 17499) 
• Ameriprise Financial Services (CRD #: 6363) 
• Securities America (CRD #: 10205) 
• Morgan Stanley Smith Barney (CRD #: 149777) 
• CitiGroup (CRD #: 7059) 
• Legg Mason Wood Walker (CRD #: 6555) 
• Olde Discount Corporation (CRD #: 5979) 
• Vanderbilt Securities (CRD #: 14280) 
• J.W. Gant & Associates (CRD #: 7963) 

Kurta Law Can Help

If you worked with Hong McGill 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 and 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.