Jae Kim Facing Allegations of Misconduct at E1 Asset Management

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.

FINRA Expels Jae Kim for Refusing to Cooperate

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.

E1 Asset Management Client Files $4 Million Arbitration Claim

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.

Client Files Arbitration Claim Alleging Misconduct in Investments

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.

Settlement for Negligence Allegations by E1 Asset Management Client

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.

Settlement for Misrepresentation and Unsuitability Allegations by Jae Kim Client

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.

Contact Soreide Law About Jae Kim Today

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.