Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has opened an independent investigation into the activities of Alan K. Ngo (CRD #4273116), a former financial advisor in Jackson, New Jersey, who was registered with PFS Investments, an affiliate of Primerica. Our attorneys are leveraging their insider knowledge as former Wall Street defense lawyers to fight for investors who may have suffered losses due to undisclosed or unauthorized investment practices.
If you invested with Alan Ngo at PFS Investments and have any reason to suspect your funds were involved in selling away or other questionable activity, we encourage you to request a free, confidential consultation with our firm by calling 1-888-885-7162. With a 98% success rate across hundreds of investor claims, 95+ years of combined securities law experience, and having represented clients in matters involving over $520 million in securities claims, our team is ready to advocate for your recovery.
Why We Are Investigating Alan K. Ngo and PFS Investments
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Recent developments indicate that FINRA barred Alan K. Ngo from associating with any FINRA member firm as of May 4, 2026. This industry bar arises from Ngo’s refusal to cooperate with a FINRA investigation into whether he may have solicited or sold investments outside of PFS Investments, commonly referred to as selling away. This practice, if proven, may expose investors to unnecessary risks and potential losses without the oversight protections that come with registered broker-dealer transactions.
Our securities attorneys have launched a formal inquiry into both the documented regulatory action and the broader background of Alan Ngo’s activities at PFS Investments in Jackson, New Jersey. Our goal is to aggressively pursue the recovery of any losses suffered by investors and seek full accountability.
What the FINRA Bar Against Alan K. Ngo Means
According to public disclosures, FINRA opened an investigation after receiving allegations that Ngo solicited and sold investments away from PFS Investments, potentially without the knowledge or approval of his employer. FINRA requested detailed information and testimony from Ngo regarding the investments in question. Ngo refused to comply with these mandatory requests for documents and testimony, in violation of FINRA Rule 8210.
Because of this refusal, Alan Ngo consented to a permanent bar from the securities industry. Importantly, Ngo did not admit or deny the underlying allegations, and those selling away claims have not been proven or adjudicated. However, a refusal to cooperate is a significant red flag for regulators, investors, and our firm alike. Our experience as former Wall Street defense attorneys tells us that such actions often occur where a representative cannot substantiate their handling of client funds.
Key Red Flags: Alan K. Ngo and Selling Away
- FINRA Barred Status: Alan Ngo no longer holds registration with any FINRA member due to non-cooperation with a regulatory investigation.
- Investigation Focus: The main concern involves selling away, meaning the solicitation or sale of investments outside the firm’s oversight, potentially leaving clients unprotected.
- Refusal to Testify or Provide Documents: Ngo’s actions conflict with the industry’s standards of transparency and care expected of registered representatives.
| Red Flag | Description |
|---|---|
| Refusal to Cooperate with FINRA | Investors should be aware that refusing to answer regulator questions or provide requested records is itself a major compliance violation. |
| Selling Away Allegations | Selling investments away from the broker-dealer can leave investors unprotected and limit the firm’s oversight and accountability. |
| Permanent Industry Bar | A FINRA bar is among the most serious disciplinary actions in the securities industry and reflects substantial investor-protection concerns. |
Alan K. Ngo’s Public Record: What We Know
- No Customer Complaints have been filed with FINRA by investors naming Alan Ngo.
- No Regulatory Sanctions, other than the recent bar for non-cooperation, appear on record.
- No Bankruptcies or Liens are listed against Ngo.
- No SEC Actions or Court Lawsuits have been reported as of this writing.
- No Media Coverage has been identified regarding investor complaints or prior regulatory investigations.
While Ngo’s public record appears clean aside from the recent FINRA bar, the refusal to cooperate with a regulatory investigation is itself a warning sign for investors. Our attorneys have successfully represented clients in similar cases, using our insider Wall Street experience to advocate for the recovery of investor losses.
For more information about Alan Ngo’s licensing and history, you can access his FINRA BrokerCheck profile.
Frequently Asked Questions
- What should I do if I invested with Alan Ngo in Jackson, New Jersey?
Gather your records immediately, including all account paperwork, statements, and correspondence. If you invested outside standard PFS Investments channels, or if an investment was not cleared through PFS Investments, contact our attorneys today to review your situation at no charge. - Does Ngo’s FINRA bar mean he was proven to have sold away?
No. Ngo was barred for refusing to cooperate with FINRA’s requests, not because selling away was definitively proven. However, non-cooperation is treated very seriously by regulators and may raise significant concerns. - Can I seek recovery for my investment losses?
Yes. Many investors may be entitled to pursue recovery, especially if their funds were placed in unauthorized products or if a broker failed to act appropriately. Our firm operates on a no recovery, no fee basis.
Why Investors Choose Our Attorneys
- 98% success rate recovering investor funds
- 95+ years of combined securities law experience
- Over $520 million in securities matters handled
- Top 2% peer-reviewed (Martindale-Hubbell AV Preeminent)
- Super Lawyers designated
- 5.0-star client reviews
- No recovery, no fee
We understand the emotional and financial toll of uncertain or unauthorized investments. Our mission is to fight for investors with the same intensity and insight we once brought to defending Wall Street institutions.
Take action now: If you worked with Alan Ngo at PFS Investments in Jackson, New Jersey, or if you are worried about the safety of your funds, we urge you to schedule a free consultation by calling 1-888-885-7162. Our attorneys will review your potential claim and offer strategic guidance for recovery at no charge.
