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Written by 9:22 am Blog, Securities Fraud Articles

Kwen Young Chun barred from securities industry by FINRA

According to a recent FINRA Disciplinary Actions announcement, Kwen Young Chun (CRD #3136403, Midland Park, New Jersey) submitted an AWC in which he was barred from association with any FINRA member in any capacity.

Without admitting or denying the findings, Chun consented to the sanction and to the entry of findings that he converted approximately $201,144 from a customer’s variable annuity and insurance policy for his own use and benefit. The findings stated that Chun made a total of nine disbursements by forging the customer’s name on seven annuity withdrawal forms, and requesting two loans from the customer’s insurance policy without the customer’s knowledge or consent. Chun directed the funds to a checking account of which he was the beneficiary that he opened in the customer’s name without the customer’s authorization or knowledge.

For FINRA’s full findings, see FINRA Case #2014041664801.

According to his FINRA Broker Report, Chun was registered with MetLife Securities from November 1998 through July 2014.

The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.  The firm represents investors throughout the country in claims against brokerage firms.

For more information on the firm, visit https://whitesecuritieslaw.com.

For a free consultation with a securities attorney, please call the firm’s Chicago office at 312/238-9650.

Tags: , , , Last modified: December 22, 2022