For clients victimized by former Glenview, Illinois financial advisor Darinn Dwight Kim, her former employer, Linsco Private Ledger, can be sued to recover stolen or converted funds. Darinn Kim, who ran DK Financial LLC, was terminated by LPL in October of 2012 due to the receipt of customer funds from a client without the client’s authorization. She was also kicked out of the securities industry for forging a client’s signature, transferring client funds without the customers OK and selling securities without the clients approval. For other clients of Kim who had similar conduct engaged in, her former employer, LPL, can be sued to recover any investment losses or converted funds. While employed by the firm, LPL had a duty and obligation to supervise her activities.
Fortunately for clients who wish to sue LPL, there are often supervisory red flags of misconduct that should have been discovered. If those red flags are ignored, the brokerage firm can be held liable to compensate the investor for investment losses or converted funds. We have successfully sued LPL dozens of times Our securities fraud lawyers, headquartered in Chicago, Illinois can provide a free evaluation for how to recover Darrin Kim related losses on a contingency fee basis. Please call 312.332.4200
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