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If you were a client of this investment advisor, the securities lawyers at Halling & Cayo, S.C. would like to hear from you. We are analyzing potential claims related to the suitability of investments recommended by this broker.
Any previous customer complaints are made publicly available by FINRA. Reviewing these reports can help investors understand the regulatory history of their financial professionals.
Claim(s) Made Against Paul Sangyop Lee:
Claim Date: 5/4/2026
“Claimant Mr. [REDACTED] has been a federal law enforcement officer for approximately 20 years and brings the following claims against Respondents to recover over $250,000 damages he has suffered at the hands of Respondents‘, whose intentional misdirection, misrepresentations and failure to act in the best interest of Mr. [REDACTED] has ended in financial disaster for him. Claimant [REDACTED] finds himself in this position because he entrusted his retirement savings and investment strategy to Respondents for investment in an annuity that has not paid out as promised and a fund that, unbeknownst to Mr. [REDACTED], carried significant risks, illiquidity, limited financial disclosure, and concentration risks—making this a particularly unsuitable investment for someone soon to be retired, i.e., Claimant [REDACTED]. The investment was inconsistent with Mr. [REDACTED] financial profile, investment objectives, risk tolerance and need for liquidity and retirement funds. The investment also paid high undisclosed commissions and fees to Respondents. The opportunity to make a high commissions and fees clearly motivated and influenced Respondents‘ to recommend the ill-fated investments to Mr. [REDACTED], all while Respondents disregarded their fiduciary duty to [REDACTED] as well as a basic, critical tenet of investment advising, i.e., knowing and fully disclosing/explaining the risks of an investment, so that their client, Mr. [REDACTED], could evaluate and avoid those risks and potential downside. This high-risk investment is exactly the type of risk Mr. [REDACTED] did not intend to take and would not have taken but for the abysmal advice and recommendation of Respondents Mr. Paul Lee and Kingswood. Unfortunately, not only did Mr. [REDACTED] lose his capital investment of $200,000 in the fund, but he also lost his monthly $2,000.00 income stream upon which he relied, which as of the filing of this Statement of Claim amounts to over $18,000. In addition, he did not receive the promised $2,000/month income stream from the annuity. His financial damage continues to accrue monthly.”
This claim, as of this posting, is currently Pending with a claim amount of $250,000.00 .
See more information on FINRA’s BrokerCheck site for Paul Sangyop Lee.