Michael Il Yoon, of Los Angeles, California, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $405,000.00 in damages based upon allegations that Yoon made the unsuitable investment recommendation of securities and life insurance products, engaged in unauthorized trading, and mismanaged accounts when Yoon was associated with MML Investors Services LLC. FINRA Arbitration No. 23-00151 (January 29, 2024).
This is not the first time that Yoon has been referenced in a customer initiated investment related dispute concerning Yoon’s conduct in the securities industry. FINRA Public Disclosure shows that Yoon is also referenced in a customer initiated investment related complaint filed on July 14, 2022, in which the customer requested damages based upon allegations that Yoon engaged in unauthorized trading in stocks when Yoon was associated with MML Investors Services LLC. This complaint was closed with no further action taken by the customer.
Yoon was associated with MSI Financial Services Inc. in Los Angeles, California from April 29, 2016 to March 25, 2017. Yoon has been associated with MML Investors Services LLC in Los Angeles, California since March 25, 2017.
