Darinn Dwight Kim Charged with Conversion, Misuse of Investor Funds

Darinn Dwight Kim, a former stockbroker in Glenview, Illinois, has been sanctioned by securities regulators for allegedly transferring money from customers without their permission, forging their signatures, and misusing customer funds.

Kim failed to respond to allegations levied against him by the Financial Industry Regulatory Authority (FINRA) and the Hearing Officer found Kim in default and permanently banned him from associating with any FINRA member firm in any capacity.

Kim wrote a check, payable to himself, from his customer’s bank account for $90,000 and forged the customer’s signature on the check, according to regulators. The customer did not know about the check and did not authorize Kim to sign her name on the check. Kim later cashed the check and spent the money for his personal use, according to FINRA

Kim also transferred $100,000 from one of his customer’s securities accounts to the customer’s bank account without the customer’s permission, according to FINRA. On the same day, Kim sold $185,885 in securities from the customer’s account without the authorization of the customer and ordered a $190,000 check to be drawn on the customer’s securities account, playable to the customer, and sent to Kim’s home address, according to the regulators. Luckily, the customer was able to stop payment on the $190,000 check before it was cashed.

The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting investors with the recovery of their losses. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Jason Kane or Joe Peiffer, for a free, no obligation evaluation of their recovery options, at (585) 310-5140.

Peiffer Wolf (1249 Posts)

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