SAM CHO Terminated & Barred After Customer Alleged $3.5 Million Misappropriation – May Recover Losses
SAM CHO Terminated & Barred After Customer Alleged $3.5 Million Misappropriation.
SUNG MOO CHO
SAM CHO MR, SAM CHO, SUNG MOO CHO
CRD#: 5015906
Call Goodman & Nekvasil, P.A. If You Have Experienced Losses
SUNG MOO CHO (CRD#: 5015906), a former broker for CITIGROUP GLOBAL MARKETS INC. in New York, NY, was terminated after allegations made by Cho’s employing broker-dealer. According to CGMI, Allegations involving the removal of customer personally identifiable information from firm systems to create non-firm generated statement that was provided to a client as well as refusal to cooperate with an internal investigation.
Cho Is Barred Indefinitely by FINRA
Sam Cho was subsequently barred by FINRA. This matter originated from a customer complaint made to FINRA alleging that Cho
misappropriated approximately $3.5 million from the customer’s brokerage accounts. Cho violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities.
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your broker.
SAM CHO Terminated & Barred After Customer Alleged $3.5 Million Misappropriation.
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 $500 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 6/26/26. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.