Erez Law is interested in speaking with investors who may have suffered losses due to investments with Kingswood Capital Partners, LLC broker Paul Lee (CRD# 5541067). He has been registered with Kingswood Capital Partners, LLC in Fullerton, California, since 2021, and Kingswood Wealth Advisors, LLC in Fullerton, California, since 2021. He was registered with Mirae Asset Wealth Management (USA) Inc. in Los Angeles, California, from 2015 to 2021, Genter Advisors LLC in os Angeles, California, from 2015 to 2016, RNC Genter Capital Management in Los Angeles, California, from 2015 to 2016.
Paul Lee Customer Complaints
He has been the subject of two customer complaints, according to his CRD report:
May 2026. “Unsuitable recommendation.” The customer is seeking $50,000 in damages, and the case is currently pending. The complaint was regarding IHC Liquidity Fund, and it took place while he was registered with Kingswood Capital Partners, LLC.
May 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.” The customer is seeking $250,000 in damages, and the case is currently pending. The complaint was regarding real estate investment trust (REIT) losses, and it took place while he was registered with Kingswood Capital Partners, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Kingswood Capital Partners, LLC may be liable for investment or other losses suffered by Paul Lee’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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