Kenneth Hwan Chung (CRD #2980181) Has Regulatory and Customer Dispute Disclosures on FINRA BrokerCheck

Kenneth Hwan Chung (CRD #2980181) is currently registered with J.P. Morgan Securities LLC and has disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 10, 2026. It reflects one regulatory event and two customer disputes. If you invested with Kenneth Hwan Chung and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action(s)

Kenneth Chung’s FINRA BrokerCheck Report reflects one regulatory event disclosure. A summary appears below:

According to Kenneth Chung’s FINRA BrokerCheck Report, the State of Michigan Department of Consumer and Industry Services Office of Financial and Insurance Services Licensing Division initiated a regulatory action on October 2, 2001. BrokerCheck states the matter involved a denial and cited a financial statement showing his assets were less than his liabilities and that he was not meeting current lien obligations reported on the CRD system. Kenneth Chung’s FINRA BrokerCheck Report lists the matter as final and shows the resolution as an order.

Investor Disputes / Customer Complaints

Kenneth Chung’s FINRA BrokerCheck Report reflects two customer dispute disclosures. Summaries of the disputes are below:

On January 21, 2026, a customer alleged Kenneth Chung made an unsuitable investment recommendation. Kenneth Chung’s FINRA BrokerCheck Report lists the product as a mutual fund and states the activity dates were June 18, 2018 through January 21, 2026. The customer requested $184,766.54 in damages. J.P. Morgan Securities LLC denied the complaint on February 24, 2026.

A separate customer dispute was received on March 17, 2020. Kenneth Chung’s FINRA BrokerCheck Report states the customer alleged poor advice regarding a managed account investment involving activity dates from March 2, 2020 through March 17, 2020. The customer requested $25,000.00 in damages. J.P. Morgan Securities LLC denied the complaint on April 16, 2020.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a broker to have a reasonable basis to believe a recommendation fits the customer’s investment profile. Claims about unsuitable recommendations or poor advice often raise questions about whether the recommendation matched the investor’s goals, risk tolerance, and financial situation.

Rule Summary #2: FINRA Rule 3110 (Supervision)

FINRA Rule 3110 requires firms to maintain a supervisory system designed to achieve compliance with securities laws and FINRA rules. Complaints about investment recommendations can also raise questions about how the firm reviewed and supervised the broker’s conduct.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Kenneth Chung:

Is currently registered with J.P. Morgan Securities LLC.

Is registered with 27 self-regulatory organizations and 17 U.S. states and territories. Kenneth Chung has passed Series 7 and Series 6. He has also passed Series 65 and Series 63.

Was previously registered with firms that include Chase Investment Services Corp. and Wamu Investments, Inc.

Kurta Law Can Help

If you have worked with Kenneth Chung and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What Is Securities Fraud?

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.