Regulators suspended securities broker Kyle Joon Kim (also known as Kyo Kim) [CRD: 2446395, Summit, New Jersey], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Kyle Kim worked for The Leaders Group Inc. from May 28, 2024 to May 16, 2025, and for LPL Financial LLC from February 14, 2018 to June 4, 2024. Read the following sections to know more about the regulatory disclosures involving this individual.
Particularly, on April 22, 2025, Maryland issued Case: 2025-0249 sanctioning Kyle Kim. Specifically, Kim was suspended for three months and fined $5,000. Notably, Maryland alleged that Kim engaged in unapproved outside business activities according to FINRA findings.
Also, Kim entered into an Acceptance, Waiver and Consent (“AWC”) with FINRA in which he agreed to a suspension from May 19, 2025, through August 18, 2025, and a $5,000 fine.
FINRA found that from June 2019 to June 2024, while registered with LPL Financial LLC, Kim participated in a real estate development partnership involving six properties. He created a limited liability company to manage the venture and helped with logistics and planning. In 2023, Kim arranged $90,000 in funding from his clients to support the project.
Kim failed to notify LPL of his involvement, violating FINRA Rules 3270 and 2010. These rules require prior written notice for any business activity outside the brokerage relationship. LPL cited this issue in Kim’s termination filing.
Do you have questions or concerns about investments involving Kyle Kim? You can reach out to Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney. Soreide Law Group has recouped losses for investors throughout the United States. Also, the firm takes investor cases on a contingency fee basis and advances all costs. Kim and brokerage firms Kim worked for deny accusations of sales practice violations.
Soreide Law Group is investigating potential investor claims involving RAD Diversified REIT Inc., specifically focusing on whether brokers or financial advisors improperly recommended this non-traded real estate investment trust despite mounting red flags. RAD Diversified REIT raised investor funds to acquire and manage real estate assets nationwide, positioning itself as an accessible way for individuals […]
Investors apparently complained about securities broker Richard James Carlesco Jr. [CRD: 2135988, Liverpool, New York], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Carlesco worked for IBN Financial Services Inc. from October 24, 2000, to the present, and later registered with Cambridge Investment Research Inc. and Cambridge Investment Research Advisors Inc. beginning April […]
Investors potentially experienced sales practice violations by securities broker Steven Wallace Schmitt [CRD: 4486457, Paramus, New Jersey], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Schmitt worked for Raymond James Associates Inc. since November 9, 2022, and previously worked for Morgan Stanley from October 7, 2016, to November 29, 2022. […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com