Soreide Law Group, (888) 760-6552, obtained the following summation of information from FINRA’s website, under “Disciplinary and Other FINRA Actions, May, 2014.”
Darinn Dwight Kim (CRD #4029402, Rolling Meadows, Illinois)
was barred by FINRA for allegedly transferring a client’s funds, selling the client’s securities, and ordering a $190,000 check drawn on the client’s securities account without authorization.
According to FINRA’s findings, allegedly Kim transferred $100,000 from the client’s personal bank account to a personal account that the client had at another bank. The client was unaware of the transfer, was out of the country, and did not authorize it. Allegedly, Darinn Kim wrote a $90,000 check payable to himself from the account and forged the client’s signature on the check for his personal use.
FINRA’s findings reported that Darinn Kim allegedly transferred $100,000 electronically from a client’s securities account to her bank account and sold $185,885 in securities from the client’s securities account. Both of these transactions were without the client’s authorization. The FINRA report goes on to say that Kim then ordered a $190,000 check from the client’s securities account, payable to the client. After discovering the transactions the client stopped payment on the $190,000. FINRA reported that Kim failed to respond to FINRA’s request for information and documents.
(FINRA Case #2012033956001)
Darinn Dwight Kim was previously registered with the following FINRA firm(s):
LPL FINANCIAL LLC (CRD# 6413) – GLENVIEW, IL
02/2004 – 11/2012
AXA ADVISORS, LLC (CRD# 6627) – NEW YORK, NY
01/2000 – 02/2004
This ends the information from FINRA.
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