When communicating online or investing with any professional, make sure you know who you’re dealing with. Imposters might link to sites like BrokerCheck from phishing or similar scam websites, or through social media , trying to steal your personal information or your money. Please contact FINRA with any concerns.
RESPONDENTS SALESPERSON APPLICATION MAY BE
DENIED PURSUANT TO AN ORDER ISSUED BY NYSE IN WHICH RESPONDENT
WAS CENSURED AND BARRED FOR A PERIOD OF TIME FOR UNSUITABLE AND
EXCESSIVE TRADES.
Resolution
Order
Sanctions
Revocation/Expulsion/Denial
Sanction Details
SUMMARY ORDER OF DENIAL ISSUED JULY 5, 1996.
RESPONDENT HAS THIRTY DAYS IN WHICH TO REQUEST A HEARING. IF NO
SUCH REQUEST IS MADE WITHIN THAT TIME PERIOD THE SUMMARY ORDER
WILL BECOME FINAL. ORDER OF DENIAL ISSUED AUGUST 14, 1996.
RESPONDENT'S APPLICATION FOR SALESPERSON REGISTRATION IS HEREBY
DENIED.
Broker Comment
Not Provided
8/22/1994
Regulatory
Final
Initiated By
NYSE DIVISION OF ENFORCEMENT
Allegations
STIPULATION AND CONSENT TO PENALTY FILED BY
THE NYSE DIVISION OF ENFORCEMENT AND PENDING. - CONSENTED TO
FINDINGS: A) A FINDING BY THE HEARING PANEL THAT HE ENGAGED IN
CONDUCT INCONSISTENT WITH JUST AND EQUITABLE PRINCIPLES OF
TRADE IN THAT HE: 1. CAUSED ONE OR MORE TRADES TO BE EFFECTED
IN A CUSTOMER'S ACCOUNT WHICH WERE UNSUITABLE IN VIEW OF THE
CUSTOMER'S INVESTMENT OBJECTIVE AND EXPERIENCE; 2. EFFECTED
ONE OR MORE TRADES IN A CUSTOMER'S ACCOUNT WHICH WERE
EXCESSIVE IN VIEW OF THE CUSTOMER'S INVESTMENT OBJECTIVE AND
EXPERIENCE; 3. FAILED TO FOLLOW INSTRUCTIONS OF A CUSTOMER TO
EXECUTE A TRADE; AND 4. OPENED AN ACCOUNT FOR AN INDIVIDUAL
WITHOUT AUTHORIZATION IN WHICH A TRADE OCCURRED. - B) THE
IMPOSITION BY THE EXCHANGE OF A PENALTY OF: 1. A CENSURE; AND
2) AN EIGHT WEEK BAR FROM MEMBERSHIP, ALLIED MEMBERSHIP,
APPROVED PERSON STATUS AND FROM EMPLOYMENT OR ASSOCIATION IN
ANY CAPACITY WITH ANY MEMBER OR MEMBER ORGANIZATION.
Resolution
Consent
Sanctions
Censure
Sanctions
Bar
Sanction Details
CAUSED UNSUITABLE TRADES, EFFECTED EXCESSIVE
TRADES, FAILED TO FOLLOW A CUSTOMER'S INSTRUCTION, AND OPENED
AN ACCOUNT WITHOUT AUTHORIZATION. CONSENT TO A CENSURE AND AN
EIGHT WEEK BAR.
Broker Comment
Not Provided
5/7/1991
Customer Dispute
Settled
Allegations
TO EXECUTE A SELL ORDER THUS INCURRING A LOSS
OF $17,500.
Damage Amount Requested
$17,500.00
Settlement Amount
$17,500.00
Broker Comment
SETTLED FOR $17,500 WITH MARK KIM CONTRIBUTING
THE ENTIRE AMOUNT.
Not Provided
1/1/1991
Customer Dispute
Settled
Allegations
MISREPRESENTATION EXESSIVE TRADIGN AND
CLAIMING LOSSES OF 360,000.
Damage Amount Requested
$360,000.00
Settlement Amount
$135,000.00
Broker Comment
SETTLED FOR $135,000 WITH MARK KIM CONTRIBUTING
$50,000.
Not Provided
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.