Advisor Alert: Our Attorneys Are Investigating Michael Il Yoon For Investment Fraud
Did You Lose Money Because of Michael Yoon?
Filed: March 18, 2024
Michael Yoon has been the subject of two (2) 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 Michael Il Yoon.
Who Is Michael Il Yoon of MML Investors Services, LLC?
- Advisor Name: Michael Il Yoon
- Aliases: Michael Yoon
- CRD: 6348923
- Location: Los Angeles, California
- Current Employer: MML Investors Services, LLC
- Previous Firms: MSI Financial Services, Inc.
- Number of Known Customer Complaints: 2
- Can Michael Yoon Be Sued: Yes, in Private Arbitration
- Can Michael Yoon’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $500,000
- Highest Settlement: $405,000
If you have suffered investment losses by Michael Yoon, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a portfolio mismanagement 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 Michael Yoon For Broker Misconduct
As of this publication date, Michael Yoon has been the subject of 2 customer disputes. Let’s review them below.
In January 2023, a FINRA arbitration was filed against or in reference to Michael Yoon by a customer of MML Investors Services, LLC alleging that beginning in or around April 2021, Mr. Yoon mismanaged her account, placed unauthorized trades, and made unsuitable stock and whole life insurance recommendations. Per the customer, she lost over $500,000 because of Mr. Yoon’s actions. On January 29, 2024, Mr. Yoon settled the claim for $405,000, and some or all of this amount may have been paid by Mr. Yoon’s employer and/or insurance carrier.
In July 2022, a complaint was filed against or in reference to Michael Yoon by a customer of MML Investors Services, LLC alleging that Mr. Yoon made changes, without her approval, and never discussed with her, before purchasing or selling, within her account, which was established on April 15, 2021.
How To File A Claim Against Michael Yoon of MML Investors Services, LLC (previously with MSI Financial Services, Inc.) To Get Your Money Back
If you have questions about Michael Yoon, MML Investors Services, LLC, MSI Financial Services, Inc., 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.