National investment loss lawyers KlaymanToskes is investigating broker Kyle Kim (CRD# 2446395), of KYO Asset Management and The Leaders Group. Kim was also previously registered with LPL Financial in Dulles, VA.
According to FINRA BrokerCheck, broker Kyle Kim has been suspended by FINRA in connection with allegations of his participation in an OBA (Outside Business Activity) without providing prior notice to his member firm. FINRA found that Kim participated in a real estate development partnership and controlled an LLC involved in buying and building residential properties—without properly disclosing this outside business activity to his firm, LPL Financial. He also allegedly arranged for two firm customers to invest $90,000 in the project.
Investors that suffered losses with broker Kyle Kim are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Financial advisor Kyle Kim of KYO Asset Management and The Leaders Group, also previously associated with LPL Financial, has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”). FINRA’s investigation found that Kim violated FINRA Rules 3270 and 2010 by failing to disclose his involvement in a real estate development business and by soliciting firm customers to help finance the project. As a result, he was fined $5,000 and suspended from associating with any FINRA member for three months.
In June 2024, LPL Financial terminated Kyle Kim’s registration, citing his participation in an outside business activity without the firm’s knowledge or approval. This disclosure was made in the Form U5 filed with FINRA. Kim is currently registered as a broker with The Leaders Group, and as an investment advisor with KYO Asset Management.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Kyle Kim, or have concerns regarding your investment portfolio at KYO Asset Management, The Leaders Group, LPL Financial, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.