Edward Yoon Discloses Allegations Of Unsuitable Recommendations

Investors complained about securities broker Edward Chong Yoon (CRD: 2408137, Pasadena, California). Notably, the securities broker, who worked for First Allied Securities Inc., disclosed client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Namely, First Allied Securities Inc. clients allege that Yoon made unsuitable recommendations. For more on these disclosures about Yoon, see below.

First Allied Securities Inc. Investor Accuses Yoon Of Unsuitable Recommendations

Also, a client of First Allied Securities Inc. contested Edward Yoon’s sales practices, according to a complaint. Allegedly, Yoon gave unsuitable advice. Supposedly, Yoon possibly caused the client to sustain damages on real estate securities. Therefore, First Allied Securities Inc. opted to settle the matter on December 16, 2022, by compensating the client in the amount of $30,000.

First Allied Securities Inc. Investor Accuses Edward Yoon Of Unsuitable Advice

Specifically, a First Allied Securities Inc. client filed a complaint about Edward Yoon. Namely, the client alleged that Yoon made unsuitable recommendations. Because of this, the client allegedly sustained damages on real estate securities. Therefore, on October 14, 2022, First Allied Securities Inc. settled this matter by paying the client $15,000 in damages.

Yoon Discloses Allegations By First Allied Securities Inc. Client

Also, a client of First Allied Securities Inc. contested Edward Yoon’s sales practices, according to a complaint dated January 16, 2015. Allegedly, Yoon recommended unsuitable securities. Supposedly, Yoon possibly caused the client to sustain damages on real estate securities. Therefore, the client requested compensation from First Allied Securities Inc. or Yoon. However, the securities firm denied the complaint.

UBS Financial Services Inc. Investor Accuses Edward Yoon Of Unauthorized Trading

Specifically, a UBS Financial Services Inc. client filed NASD Arbitration: 01-04009 about Edward Yoon. Namely, the client alleged that Yoon breached a contract, breached a fiduciary duty, made unsuitable recommendations, engaged in unauthorized trading, acted unethically, made misrepresentations, was negligent, and made omissions. Because of this, the client allegedly sustained damages. Therefore, on August 11, 2004, a FINRA Arbitration Panel issued an Award ordering UBS Financial Services Inc. and Yoon to collectively pay the client $44,117 in damages.

Recent Employment Information

• Yoon stopped working for First Allied Securities Inc. on September 8, 2022.

Damages Resulting From First Allied Securities Inc. Securities Broker Edward Yoon?

Have you sustained damages by investing with Edward Yoon? If so, you can contact Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered losses for investors across the United States, represents clients on a contingency fee basis and advances all costs. Yoon and brokerage firms Yoon worked for deny any and all allegations of sales practice violations.