Kim Dee Isaacson—Alleged Fraudulent Misrepresentations and Omissions of Material Facts
Kim Dee Isaacson Allegedly Made Fraudulent Misrepresentations and Omissions of Material Facts to a Morgan Stanley Customer Regarding his Account Values and Isaacson’s Purchases and Sales of Securities in Said Customer’s Account
Kim Dee Isaacson allegedly made fraudulent misrepresentations and omissions of material facts to a Morgan Stanley customer known as HM regarding his account values and Isaacson‘s purchases and sales of securities in said account, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.
Peiffer Rosca Wolf securities practice lawyers are investigating Kim Dee Isaacson’s alleged fraudulent misrepresentations and omissions of material facts.
Investors who believe they may have lost money in activity related to Kim Dee Isaacson’s alleged fraudulent misrepresentations and omissions of material facts are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.
The aforementioned Complaint alleges that Kim Dee Isaacson purportedly told HM that his investment account was approximately valued at $3.1 million more than its actual worth.
What is more, Isaacson allegedly made false statements regarding the account balance via phone calls with the client from May 2010 until January 2014 in order to hide that the investments were not producing the promised 4% to 6% growth that Mr. Isaacson purportedly assured HM of, the Complaint states.
Kim Dee Isaacson Barred by FINRA; Isaacson Allegedly Attempted to Settle HM’s Complaint away from, and without the Knowledge of, Morgan Stanley
Kim Dee Isaacson allegedly attempted to settle HM’s complaint away from, and without the knowledge of, Morgan Stanley when HM discovered Isaacson’s misconduct in January 2014, according to the aforementioned lawsuit currently under review by attorneys Alan Rosca and James Booker.
As a result of the aforementioned behavior, Isaacson allegedly violated FINRA laws and therefore has been barred by FINRA, the Complaint reports.
In sum, Isaacson allegedly also made 360 unauthorized trades and still continued to hold stock even though his elderly client asked him to sell, the Complaint notes. Said client held 22 accounts that totaled about $27 million, the Complaint notes.
Isaacson allegedly earned almost $400,000 in commissions and advisory fees from HM’s accounts, or approximately 18.5% of the total commissions Isaacson earned during the period of December 2008 to February 2014, the Complaint states.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Kim Dee Isaacson’s alleged fraudulent misrepresentations and omissions of material facts. 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 Kim Dee Isaacson’s alleged fraudulent misrepresentations and omissions of material facts may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at firstname.lastname@example.org or email@example.com.