Kyle Kim: Leaders Group Advisor Fired by LPL

Littleton, Colorado financial advisor Kyle Kim (CRD# 2446395) was recently fired from LPL Financial in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he is now registered as a broker with The Leaders Group and an investment advisor with The Private Client Advisory Group.

Mr. Kim’s BrokerCheck report discloses his termination from LPL Financial. Filed in May 2024, it states that the firm fired him in connection with allegations that he participated in an outside business activity without giving the firm prior written notice or receiving its approval.

Investors should be aware that FINRA Rule 3270 forbids brokers like Mr. Kim from participating in unapproved outside business activities. “No registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm,” the rule explains, “unless he or she has provided prior written notice to the member, in such form as specified by the member.” Brokers who fail to follow this rule may be subject to disciplinary action by their member firm or regulatory authorities.

The Private Client Advisory Group’s website includes a profile of Mr. Kim that describes his background. “As a financial professional and an active member of my community, Kyle Kim is dedicated to helping individuals and businesses build their financial futures,” it states. “To stay on top of his field and develop his professional skills, he regularly attends industry training and certification programs.”

The Leaders Group’s website includes a page describing the firm’s values and approach. “We encourage our representatives to strive to their own level of success and will not impose production requirements,” it explains. “We afford our financial professionals the opportunity to work with nearly any life insurance and annuity marketing partner they prefer.”

According to the Financial Industry Regulatory Authority, Kyle Kim holds 27 years of securities industry experience. Based in Littleton, Colorado, he has been registered with The Leaders Group since 2024 and The Private Client Advisory Group since 2021. His past registrations include LPL Financial, TLG Advisors, Invest Financial Corporation, H. Beck, Citicorp Investment Services, and Dean Witter Reynolds. His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in California, Florida, Maryland, New Jersey, New York, and Virginia. (Information current as of June 9, 2024.)

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