Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Jae Hun Kim (also known as Jae Kim) [CRD: 4620963, Cortlandt Manor, New York].
Jae Kim worked for E1 Asset Management, Inc. from February 2003 to March 2024, a tenure spanning 21 years. Recent disclosures reveal concerns about Kim’s conduct as both financial advisor and securities broker. This includes allegations in client disputes and regulatory actions.
On March 19, 2024, FINRA permanently barred Jae Kim in all capacities following an investigation. FINRA alleged that Kim refused to provide requested information and documents related to a client arbitration matter. Without admitting or denying the findings, Kim consented to FINRA’s sanctions through an Acceptance, Waiver & Consent (AWC). This disciplinary action effectively ends Kim’s ability to act as a securities broker indefinitely.
On May 9, 2023, a client of E1 Asset Management initiated arbitration through FINRA (Case No. 23-00643), alleging misconduct by Kim, including unsuitable recommendations and unauthorized trading. The claims involve equities and options and seek damages of $4,000,000. As of now, this matter remains pending.
On June 12, 2023, another arbitration claim (FINRA Case No. 23-01693) was filed against Jae Kim by a client of E1 Asset Management. The allegations, though unspecified in detail, are tied to Kim’s investment practices. The damages amount for this case has not been disclosed, and the matter is pending resolution.
On May 21, 2015, a client alleged breach of contract, misrepresentation, unsuitability, negligence, and negligent supervision related to transactions from January 2011 to April 2013. The damages sought totaled $2,400,107. On January 8, 2016, E1 Asset Management settled the matter for $21,000.
On April 22, 2015, a client filed a dispute alleging misrepresentation and unsuitable investment recommendations from 2006 to 2008. The damages sought were $240,000. The case settled for $7,500 on August 4, 2015, with Kim contributing to the settlement.
Looking for more information about Jae Kim? If so, reach out to Soreide Law Group online here or at (888) 760-6552 to speak with a securities attorney. Soreide Law Group represents investors nationwide, handles cases on contingency, advances necessary costs, and works to recover losses caused by sales practice violations, though recovery is not guaranteed. Kim and E1 Asset Management deny accusations of sales practice violations.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com