Aidikoff, Uhl & Bakhtiari and the Law Offices of Patrick R. Mahoney, P.C. announce the filing of a FINRA arbitration and its continuing investigation of the sales practices of former Independent Financial Group broker Kenny Kim for his management of client accounts and unsuitable recommendations of private non-traded REITs, annuities, structured products, and C-share mutual funds.
We are currently investigating whether all material risks of the recommended investments were disclosed to clients as well as whether an appropriate risk management strategy was implemented by Independent Financial Group.
“Kenny Kim has been the subject of at least 12 customer complaints during his employment in the securities industry. His employer, Independent Financial Group, knew or should have known of the highly commissioned and often illiquid products that Kenny Kim seemed to routinely sell,” said Philip Aidikoff.
“The transactions raise serious concerns about the level of supervision Independent Financial Group exercised,” added Ryan Bakhtiari.
Aidikoff, Uhl & Bakhtiari and the Law Offices of Patrick R. Mahoney, P.C. represent retail and institutional investors around the world in securities arbitration and litigation matters. Attorneys for the firm have appeared before the Financial Industry Regulatory Authority (FINRA) and in numerous state and federal courts to resolve financial disputes between customers, banks, brokerage firms and other financial institutions.
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