KYLE KIM – KYO ASSET MANAGEMENT, LLC Investment Adviser Terminated & Suspended – May Recover Investor Losses
KYO ASSET MANAGEMENT, LLC Investment Adviser, KYLE KIM Terminated & Suspended.
KYLE KIM, KYO KIM
CRD#: 2446395
Kyle Joon Kim (CRD#: 2446395), a broker for THE LEADERS GROUP, INC. in SUMMIT, NJ, was recently suspended for three-months and fined $5,000.00 after the broker consented to FINRA sanctions.
According to Kim’s FINRA BrokerCheck report, Without admitting or denying the findings, Kim consented to the sanctions and to the entry of findings that he participated in an OBA without providing prior notice to his member firm.
The findings stated that Kim and two other persons had formed an informal partnership to build and sell residential properties on parcels of real estate and share any profits equally. Kim then formed a limited liability company to support the partnership’s activities. Kim served as the managing member of the company and established a bank account in its name, which he controlled.
Kim’s role was also anticipated to include helping to decide which parcels to develop first, how those parcels would be developed, working with subcontractors, and other project logistics. After pausing development in response to the COVID-19 pandemic, Kim and his partners resumed planning on these projects.
Kim also arranged for two firm customers to provide a total of $90,000 to help finance the projects. In addition, Kim did not provide a response to specific questions on his firm’s annual compliance questionnaires.
LPL FINANCIAL LLC Terminated Kim’s Employment on May 21, 2024
Kim’s former broker dealer alleged participation in outside business activity without notice to and approval from Firm.
KYO ASSET MANAGEMENT, LLC Investment Adviser, KYLE KIM Terminated & Suspended.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 4/29/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.