Jay Kim Fired from LPL Financial For Alleged Unapproved Outside Business Activity

Jay Kim (CRD #: 4317260), a broker registered with Cambridge Investment Research, was fired from his previous firm, according to his BrokerCheck record, accessed on September 18, 2022. Investors may have also engaged his services through Cambridge Investment Research Advisors. Read on if you want to know more about his conduct as a broker.

Discharge from LPL Financial

On June 13, 2022, Jay Kim was fired from LPL Financial for allegedly engaging in an outside business activity that exceeded firm limitations, without prompt notice to the firm or approval.

FINRA Rule 3270

FINRA Rule 3270 requires brokers to receive approval from their firm before engaging in any form of business activity outside their role as a broker.

Other business activities

Jay Kim’s detailed BrokerCheck report lists two outside business activities:

• Owner and partner of JJE Enterprises
• Registered Investment Advisor for Cambridge Investment Research Advisors

You should reach out to Kurta Law if you have engaged in any outside business with Jay Kim. 

Background Information

Jay Kim has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Jay Kim is a registered broker in California and New York. He is also a registered investment adviser in California.

He has also worked for the following firms:

• LPL Financial (CRD#:6413)
• Strategic Wealth Advisors Group (CRD#:283824)
• Charles Schwab & Company (CRD#:5393)
• Financial Network Investment Corporation (CRD#:13572)
• Lincoln Financial Advisors Corporation (CRD#:3978)
• The Lincoln National Life Insurance Company (CRD#:2580)

Kurta Law Can Help

If you worked with Jay Kim and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.