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Philip Hoang is the Subject of a Million-Dollar Dispute

By: kurtablogs Author
November 23, 2025 at 2:26am

Philip Hoang (CRD #: 5134140), a broker registered with Morgan Stanley, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on November 22, 2025. Keep reading if you have questions.

Investor Allegations

On October 10, 2025, an investor alleged that Philip Hoang recommended unsuitable investments and an unsuitable liquidity asset line. The investor is seeking $1.7 million.

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Philip Hoang has passed the following exams:

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination

During his 18 years of experience, Philip Hoang has registered with five firms:

  • Morgan Stanley (CRD #: 149777)
  • Jesup & Lamont Securities Corp. (CRD #: 39056)
  • Empire Financial Group (CRD #: 28759)
  • Empire Investment Advisors (CRD #: 108006)
  • Global Crown Capital (CRD #: 16761)

Kurta Law Can Help

If you worked with Philip Hoang 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. 

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