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Khay Sung Allegedly Executed Unauthorized Trades

Mar 15, 2022 Unauthorized Trading

Khay Sung (CRD #: 4235371), a previously registered broker with Asia Pacific Financial Management Group, is involved in an investor dispute, according to his BrokerCheck record, accessed on March 8, 2022.

On November 1, 2021, an investor alleged that Khay Sung executed unauthorized trades. The investors are seeking $2,200,000; the dispute is pending.

FINRA Rule 3260 states that brokers “shall not exercise discretionary power in a customer’s account unless such customer has given prior written authorization.” Once an investor has given written authorization, the firm must also accept the account for discretionary trading. Unauthorized trades also violate FINRA Rule 2010, which states that investors must uphold high standards of commercial honor and just and equitable principles of trade.

Background Information

Khay Sung has passed the following exams:

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

He has only ever registered with Asia Pacific Financial Management Group (CRD #: 32338).

Kurta Law Can Help

If you have worked with Khay Sung and have concerns about your investments, don't hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated on behalf of investors who have lost money following broker fraud or misconduct. Kurta Law is a nationally recognized law firm and exclusively represents investors on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Our attorneys will work tirelessly to restore your lost funds and get your financial future back on track.