DID JOHN J KANG CAUSE YOU INVESTMENT LOSSES?
About John Kang of Creative Planning?
John Kang (CRD #3125983) , located in Commack, New York, is an experienced financial professional currently employed as an Investment Advisor Representative at Creative Planning since March 2014. He has previously worked at Strategic Advisers, Inc., accumulating over 25 years of industry experience. His career has been focused on providing tailored financial strategies to meet diverse client needs.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
John Kang Customer Complaints and Reviews
- Customer Dispute Filed October 21, 2021:
- Allegations: The client alleged that Mr. Kang failed to advise against investing $50,000 in a fraudulent fund discovered online. The client sought rescission of the investment amount, lost income, and attorney’s fees.
- Outcome: The dispute was settled on April 19, 2023, for $14,900. Mr. Kang did not contribute to the settlement.
Allegations Against John Kang
Key Allegations from the Disclosure:
- Nature of Complaint: The complaint involved claims that Mr. Kang did not adequately discourage the client from investing in a fraudulent opportunity found independently by the client.
- Resolution: The matter was settled at $14,900, covering part of the client’s losses and fees.
John Kang Employment History
Current Registration: Creative Planning, Investment Advisor Representative.
- March 2014 to Present.
Previous Registrations:
- Strategic Advisers, Inc. (November 2009–February 2014, July 2005–July 2009): Held positions as an advisor in New York, NY.
Qualifications:
- Uniform Investment Adviser Law Examination (Series 65) on November 20, 1998.
- Holds the Certified Financial Planner designation.
- Other Key Details:
- Registered in two jurisdictions: New York (since April 2021) and Texas (since February 2019).
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors are obligated to act as fiduciaries, prioritizing their clients’ best interests above their own. This fiduciary duty includes full disclosure of all relevant information about investments, including their risks, mechanics, and potential outcomes. Advisors must provide diligent care, conducting thorough analyses to ensure their recommendations align with a client’s financial goals and risk tolerance. By adhering to these principles, advisors build trust and uphold ethical standards essential to investor confidence and success.
Option Trading Can Be Extremely Risky
Options trading involves significant risks, especially with complex strategies. Clients allowing advisors to trade options in their accounts must understand these risks. High-risk strategies, such as naked call writing, expose investors to unlimited losses if the underlying asset price increases significantly. For instance, selling a call option without holding the corresponding stock can result in substantial financial exposure. Investors should ensure that all potential scenarios and risks are thoroughly explained before adopting such strategies to avoid unexpected losses.
Ronald Humenny Red Flags & Your Rights As An Investor
Of course, John Kang 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 Creative Planning on alert to review carefully the activity and performance of their accounts and question whether John Kang has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planning 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 Creative Planning Due To John Kang
If you have questions about about Creative Planning and/or John Kang 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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