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 Jason Kane and James Booker.

Peiffer Wolf Carr & Kane 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 Jason Kane 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 Jason Kane 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 Wolf Carr & Kane 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 Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.