Kyusun Kim, of San Diego, California, a stockbroker registered with Independent Financial Group, LLC, has been named in a customer initiated investment related arbitration claim, in which the customer alleged that Kim committed elder financial abuse, breached his contractual obligations, breached his fiduciary duties, and violated federal and state securities laws relating to structured products, mutual funds, direct investment programs and variable annuities purchased by the customer. Arbitration No. 17-01663 (July 10, 2017).
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Kim has been identified in twenty-one additional customer initiated investment related disputes pertaining to his improper conduct; eight since March 20, 2017. Specifically, a customer filed an initiated investment related arbitration involving Kim’s activities, requesting $1,000,000.00 in damages supported by allegations of breach of contract and fiduciary duty in regard to the customer’s investments in direct participation program and limited partnership interests. FINRA Arbitration No. 17-00407 (Mar. 20, 2017).
Another customer filed an investment related arbitration claim pertaining to Kim’s activities, in which the customer requested $300,000.00 in damages based upon allegations that from 2008 to 2015, Kim violated FINRA and New York Stock Exchange (NYSE) rules, as well as federal and state securities laws in regard to direct participation programs, third party investments, in addition to mutual funds and structured products. FINRA Arbitration No. 17-01149 (May. 4, 2017). Thereafter, a customer brought an initiated investment related arbitration involving Kim’s conduct, seeking $150,000.00 in damages supported by allegations that Kim, inter alia, effected unsuitable investment transactions in the customer’s account. FINRA Arbitration No. 17-01529 (June 20, 2017).
Following Kim’s termination from Independent Financial Group, LLC, he was registered with Sandlapper Securities, LLC between March 21, 2016, and April 18, 2017.
Guiliano Law Group
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