Advisor Alert: Our Attorneys Are Investigating Peter Kyung Hoon Rhee For Investment Fraud
Did You Lose Money Because of Peter Rhee?
Filed: November 15, 2023
Peter Kyung Moon Rhee (also known as Peter Kyung Hoon Rhee) has been the subject of 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 Peter Kyung Hoon Rhee.
Who Is Peter Kyung Hoon Rhee of Cetera Investment Advisers LLC and Cetera Advisors LLC?
- Advisor Name: Peter Kyung Hoon Rhee
- Aliases: Peter Kyung Moon Rhee
- CRD: 2326728
- Location: Frankfort, Illinois
- Current Employer: Cetera Investment Advisers LLC and Cetera Advisors LLC
- Previous Firms: First Allied Securities, Inc., First Allied Advisory Services, Inc., and Investment Planners, Inc.
- Number of Known Customer Complaints: 3
- Can Peter Rhee Be Sued: Yes, in Private Arbitration
- Can Peter Rhee’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $420,887
- Highest Settlement: $145,000
If you have suffered investment losses by Peter Rhee, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud 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 Peter Rhee For Broker Misconduct
As of this publication date, Peter Rhee has been the subject of 3 customer disputes. Let’s review them below.
In July 2022, a FINRA arbitration was filed against or in reference to Peter Rhee by a customer of Investment Planners Inc. alleging that Mr. Rhee recommended unsuitable investments, made misrepresentations, and breached a fiduciary duty. Per the customer, he/she lost over $50,000 because of Mr. Rhee’s actions. On October 21, 2022, Mr. Rhee settled the claim for $23,750, and some or all of this amount may have been paid by Mr. Rhee’s employer and/or insurance carrier.
In May 2022, a FINRA arbitration was filed against or in reference to Peter Rhee by a customer of Investment Planners Inc. alleging that Mr. Rhee recommended unsuitable investments. The client further alleges causes of action of suitability, breach of contract, misrepresentation, failure to supervise, and breach of contract. Per the customer, he/she lost over $300,000 because of Mr. Rhee’s actions. On July 7, 2023, Mr. Rhee settled the claim for $145,000, and some or all of this amount may have been paid by Mr. Rhee’s employer and/or insurance carrier.
In November 2020, a FINRA arbitration was filed against or in reference to Peter Rhee by a customer of Investment Planners Inc. alleging unsuitable investment of alternative products. Per the customer, he/she lost over $420,887 because of Mr. Rhee’s actions. On February 28, 2022, Mr. Rhee settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Rhee’s employer and/or insurance carrier.
How To File A Claim Against Peter Rhee of Cetera Investment Advisers LLC and Cetera Advisors LLC (previously with First Allied Securities, Inc., First Allied Advisory Services, Inc., and Investment Planners, Inc.) To Get Your Money Back.
If you have questions about Peter Rhee, Cetera Investment Advisers LLC, Cetera Advisors LLC, First Allied Securities, Inc., First Allied Advisory Services, Inc., Investment Planners, 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.