Advisor Alert: Our Attorneys Are Investigating Kwan-Rok Kong For Investment Fraud
Did You Lose Money Because of Kwan-Rok (Calvin) Kong?
Filed: January 24, 2024
Kwan-Rok Kong (also known as Calvin Kong) has been the subject of one (1) criminal event and three (3) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Kwan-Rok Kong.
Who Is Kwan-Rok Kong of Ameriprise Financial Services, LLC?
- Advisor Name: Kwan-Rok Kong
- Aliases: Calvin Kong
- CRD: 5288982
- Location: Garden City, New York
- Current Employer: Ameriprise Financial Services, LLC
- Previous Firms: Morgan Stanley and Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Number of Known Customer Complaints: 3
- Number of Known Criminal Events: 1
- Can Kwan-Rok Kong Be Sued: Yes, in Private Arbitration
- Can Kwan-Rok Kong’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $73,870.18
- Highest Settlement: $10,515.76
If you have suffered investment losses by Kwan-Rok Kong, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stock market losses lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Kwan-Rok (Calvin) Kong For Broker Misconduct
As of this publication date, Kwan-Rok Kong has been the subject of 1 criminal event and 3 customer disputes. Let’s review them below.
In March 2020, a complaint was filed against or in reference to Kwan-Rok Kong by a customer of Ameriprise Financial Services, LLC alleging that Kong failed to follow trading instructions in March 2020 resulting in incorrect trade executions. Per the customer, he/she lost over $73,870.18 because of Kong’s actions.
In March 2019, a complaint was filed against or in reference to Kwan-Rok Kong by a customer of MSSB alleging misrepresentation with respect to replacement of whole life insurance policies with variable universal life policies.
In February 2010, a complaint was filed against or in reference to Kwan-Rok Kong by a customer of Edward Jones alleging that Kong liquidated client’s two annuities held outside the firm and failed to mention there would be a penalty because she was not 59 1/2. Per the customer, she lost over $10,515.76 because of Kong’s actions. On April 16, 2010, Kong settled the claim for $10,515.76, and some or all of this amount may have been paid by Kong’s employer and/or insurance carrier.
In October 1997, misdemeanor charges were pressed against Kwan-Rok Kong in the Criminal Court of the City of New York Theft of Services.
How To File A Claim Against Kwan-Rok (Calvin) Kong of Ameriprise Financial Services, LLC (previously with Morgan Stanley and Merrill Lynch, Pierce, Fenner & Smith Incorporated) To Get Your Money Back
If you have questions about Kwan-Rok Kong, Ameriprise Financial Services, LLC, Morgan Stanley, Merrill Lynch, Pierce, Fenner & Smith Incorporated, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.