June 18, 2024

Jae Kim Barred As Broker, Involved In E1 Investor Disputes

man sits with his head in his hands

Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Jae Hun Kim [CRD: 4620963, Cortlandt Manor, New York], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Jae Kim worked for E1 Asset Management from February 6, 2003, to March 4, 2024. Here’s more about Jae Kim's disclosures.

Kim Barred By FINRA For Non-Compliance

Evidently, FINRA issued Case: 2021073232401 on March 19, 2024. Allegedly, Kim refused to provide documents requested by FINRA in connection with its investigation concerning the circumstances giving rise to a client arbitration. Therefore, Kim was barred from associating with any FINRA member in all capacities. The sanction came after Kim acknowledged that he received FINRA’s requests but refused to produce the documents at any time. This refusal led to violations of FINRA Rules 8210 and 2010.

E1 Asset Management Investor Accused Jae Kim Of Failing To Follow Instructions

Particularly, on June 12, 2023, an E1 Asset Management client filed FINRA Arbitration No. 23-01693 about Jae Kim. Supposedly, Kim failed to follow instructions. Because of this, the client allegedly sustained damages. As a result, the client requested compensation from E1 Asset Management or Kim. Evidently, this arbitration is pending a resolution.

Kim Disclosed Failure To Supervise Allegations By E1 Asset Management Client

Also, a client of E1 Asset Management contested Jae Kim’s sales practices by filing FINRA Arbitration No. 23-00643 on May 9, 2023. Allegedly, Kim failed to supervise certain representatives. It appears that Kim caused the client to sustain damages on stocks, over-the-counter equities, and options. As a result, the client seeks compensation from E1 Asset Management or Kim in the amount of $4,000,000 in this ongoing matter.

E1 Asset Management Investor Accused Jae Kim Of Misrepresentation

Additionally, a client filed a complaint about Jae Kim. Supposedly, Kim made unsuitable investment recommendation and misrepresentations relating to options and stocks. Therefore, on August 4, 2015, E1 Asset Management settled this matter by paying the client $7,500 in damages.

Kim Disclosed Negligence Allegations By E1 Asset Management Client

Further, a client of E1 Asset Management contested Jae Kim’s sales practices by filing FINRA Arbitration No. 14-02830. Allegedly, Kim was negligent, breached a contract, gave inappropriate advice, made misrepresentations, and negligently supervised individuals. As a result, E1 Asset Management opted to settle the matter on January 8, 2016, by compensating the client in the amount of $21,000.

Did You Sustain Losses Because Of Securities Broker Jae Kim?

Have you experienced losses because of any sales practice violation by financial advisor / securities broker Jae Kim? If so, reach out to Soreide Law Group online or at (888) 760-6552 so you can talk to a securities attorney about your legal options. Soreide Law Group has recovered losses for investors throughout the United States, represents investors through contingency fees, and advances all costs. Kim and brokerage firms Kim worked for deny any allegations of sales practice violations.

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