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Investors Allege Shirley Wong Made Unsuitable Investment Recommendations

Shirley Wong (CRD #: 4869184), a broker registered with Ni Advisors, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on September 10, 2022. If you want to learn more about her conduct as a broker, keep reading.

Investor Disputes

On September 10, 2022, an investor alleged that Shirley Wong engaged in negligence and misrepresentation with regard to a bond purchased in 2018. The investor is seeking $100,000 in this pending dispute. 

On August 2, 2022, an investor alleged that, among other violations, Shirley Wong breached her contract and made an unsuitable recommendation with regard to the concentration of the client in $200,000 of GWG L Bonds and a $50,000 withdrawal of funds. The client seeks $100,000 in damages in this pending dispute.

On June 7, 2022, investors named Shirley Wong in allegations of breach of contract and unsuitable trades. The client seeks $505,700 in this pending dispute.

In another pending dispute, filed on June 3, 2022, an investor alleged that Shirley Wong’s recommendation of a GWG bond was unsuitable. The client seeks $50,000 in damages.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether securities fit their investor’s financial goals before recommending them. Brokers must take into account the information in an investor’s profile, such as their tax status, other investments, and age.

Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.

Background Information

Shirley Wong has passed the following exams:

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

Shirley Wong is a registered broker in California and Nevada. She is also a registered investment adviser in California.

She has also worked for the following firms:

  • World Group Securities (CRD#:114473)
  • Citicorp Investment Services (CRD#:23988)
  • AXA Advisors (CRD#:6627)

Kurta Law Can Help

If you worked with Shirley Wong 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.