Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Khay Sung (Sung), previously associated with Asia Pacific Financial Management Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Sung recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $2,200,000.00 on October 28, 2021.
Sung was a subject of a customer complaint against his member firm that asserted the following causes of action: negligence; failure to recommend suitable investments; failure to supervise broker, account, and transactions; unauthorized trading; violations of FINRA Rule 2020 and FINRA Rule 2150; breach of fiduciary duty; breach of contract; violations of the Guam Uniform Securities Act; and respondeat superior.