John Kai, formerly of First Allied Securities, Barred from Securities Industry
Have you lost money with financial advisor John Kai of Hilo, Hawaii? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against John K. Kai. FINRA barred Kai from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Kai after he was terminated by his former brokerage firm, First Allied Securities. Kai was alleged to borrowed funds from clients and from engaging in undisclosed securities transactions and outside business activities without informing First Allied Securities.
John Kai was a financial advisor and registered representative of First Allied Securities from August 2010 to April 2017. He worked at a branch office in Hilo, Hawaii. He was also affiliated with Pinnacle Investment Group.
Brokerage firms like First Allied Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle, Washington area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Hawaii. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Kai, John BrokerCheck 9.19.17
If you lost money with John Kai or First Allied Securities, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.