Warren Kim (CRD #4028287) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Warren Kim (CRD #4028287) is a broker with a customer dispute on FINRA BrokerCheck. We reviewed his BrokerCheck report on January 27, 2026. It reflects one customer dispute. If you invested with Warren Kim and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Warren Kim’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

Warren Kim’s FINRA BrokerCheck report shows a written customer complaint received on November 6, 2025. The customer alleged that Warren Kim did not adequately explain the terms of a variable annuity. The report lists alleged damages of $5,000. It lists the product type as Annuity-Variable. LPL Financial LLC denied the complaint.

Rule Summary #1: FINRA Rule 2330 (Deferred Variable Annuities)

FINRA Rule 2330 sets sales-practice standards for recommendations involving deferred variable annuities. It focuses on disclosure of key features, such as surrender charges, fees, tax penalties, and market risk.

Rule Summary #2: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 (Suitability) requires a reasonable basis for each recommendation. A broker should match the recommendation to the customer’s investment profile, including risk tolerance, time horizon, and liquidity needs.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.

Reg BI is built around four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
2. Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
3. Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
4. Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.

Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.

Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Warren Kim:

Is currently registered with LPL Financial LLC.

Has passed the Securities Industry Essentials (SIE) exam. Warren Kim has passed Series 7 and Series 6. He has also passed Series 65, Series 63, and Series 26.

Was previously registered with firms that include J.P. Morgan Securities LLC and Insperex LLC.

Kurta Law Can Help

If you worked with Warren Kim and have concerns about his activity, Kurta Law may be able to help. You can read more about potential claims and investor protections here: Variable Annuities and Unsuitable Investments. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Variable Annuities | Unsuitable Investments

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. You can then discuss possible next steps.