DID Jihoon Park CAUSE YOU INVESTMENT LOSSES?
About Jihoon Park formerly with MML Investors Services, LLC?
Jihoon Park (CRD #6535514) , located in Fairfax, Virginia, has a history in the securities industry with a registration period spanning April 2016 to December 2022 at MML Investors Services, LLC, based in Fairfax, Virginia. Mr. Park was affiliated with MML Investors Services, LLC, and has been listed as a MassMutual agent since 2013. His employment record indicates consistency within these roles. During his tenure, Mr. Park passed two general industry/product exams: the Securities Industry Essentials (SIE) Examination on October 1, 2018, and the Investment Company Products/Variable Contracts Representative (Series 6) Examination on April 9, 2016. However, he has not passed any principal/supervisory or multi-state securities law exams. Mr. Park is not presently registered as a securities broker.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Jihoon Park Customer Complaints and Reviews
The report reveals one customer dispute as follows:
Customer Dispute dated November 4, 2024
- Complaint: The client alleges that beginning in or around September 2021, Mr. Park made unsuitable recommendations to invest funds from her life insurance and divorce settlement into cryptocurrency. Additionally, it is claimed that Mr. Park stole and converted her life savings from these investments.
- Employer: MML Investors Services, LLC, is also implicated as being responsible for the alleged actions of the broker.
- Product Types: Insurance and cryptocurrency investments.
- Alleged Damages: $2,658,000, including $1,658,000 in compensatory damages and $1,000,000 in punitive damages.
- Status: Litigation is pending in the Circuit Court for the County of Fairfax, VA, under docket number CL-2024-0015101.
Allegations Against Jihoon Park
The primary concern associated with Jihoon Park’s record relates to a pending customer dispute with significant allegations of misconduct:
- Alleged Misconduct: The claim centers on unsuitable investment recommendations involving life insurance funds and cryptocurrency. Additionally, there are allegations of theft and conversion of client funds.
- Financial Impact: The complainant seeks a total of $2,658,000 in damages, a substantial amount that includes punitive components.
- Firm: The firm where Mr. Park was employed at the time, MML Investors Services, LLC, is cited as potentially liable for oversight failures or complicity.
This pending case is notable for its seriousness, with the allegations reflecting issues of trust and ethical conduct.
Jihoon Park Red Flags & Your Rights As An Investor
Of course, Jihoon Park did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jihoon Park at MML Investors Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Jihoon Park has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at MML Investors Services, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At MML Investors Services, LLC Due To Jihoon Park
If you have questions about MML Investors Services, LLC and/or Jihoon Park and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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