John Kai – Financial Advisor John Kai Fired by First Allied Securities, Inc. | Goodman & Nekvasil P.A, May Recover Investor Losses
John Kai CRD #2163244
From 2010 until John Kai’s firing in 2017, John Kai was licensed with First Allied Securities, Inc. According to FINRA’s records, John Kai was fired by First Allied Securities, Inc. on April 19, 2017. First Allied Securities, Inc. reported to FINRA that John Kai violated numerous firm policies, including communications with the public, undisclosed private securities transaction and outside business activity, borrowing funds from a client, and exercising discretion in client brokerage accounts without the firm’s approval. First Allied Securities, Inc. also reported that John Kai is alleged to have received client funds under the false pretense of investing the funds for the client without any apparent account opened under the client’s name.
Subsequent to John Kai’s firing, FINRA brought a disciplinary action against John Kai on June 9, 2017. John Kai was suspended because John Kai failed to respond to FINRA’s Staff request for information along with failing to respond to three separate FINRA’s Notice of Suspension letters to request termination of his suspension. As a result, John Kai has been barred from the securities industry.
If you lost any money on investments with John Kai, you may be able to recover your losses from First Allied Securities, Inc. This is because First Allied Securities, Inc. had a duty to supervise John Kai.
If you lost money on investments with John Kai and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against First Allied Securities, Inc., concerning John Kai’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on any other investments with John Kai and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Keywords: John Kai, John Kalehiehie Kai, First Allied Securities, FINRA, SEC, Fraud, Attorney, Broker, Brokerage, Firm, Brokerage Firm, Invest, Lawyer, Securities Lawyer, Goodman and Nekvasil, Nekvasil, Goodman, Investor, Investment, Financial, Financial Services, Securities