{"id":11998,"date":"2026-07-17T15:03:59","date_gmt":"2026-07-17T19:03:59","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=11998"},"modified":"2026-07-17T15:03:59","modified_gmt":"2026-07-17T19:03:59","slug":"broker-sung-moo-cho-barred-after-misappropriating-3-5m","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/broker-sung-moo-cho-barred-after-misappropriating-3-5m\/","title":{"rendered":"Broker Sung Moo Cho Barred After Misappropriating $3.5M"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-11999 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2026\/07\/Blog-Graphics40.png\" alt=\"Sung Moo Cho (CRD# 5015906; aka, \u201cSam Cho Mr,\u201d \u201cSam Cho,\u201d) Is a former registered broker and investment advisor last employed by Citigroup Global Markets Inc. (CRD#:7059) of New York, NY. His previous employers include Ameriprise Financial Services, LLC (CRD#:6363) of Hauppauge, NY, Mutual Of America Life Insurance Company (CRD#:15356) and Joseph Stone Capital, L.L.C. (CRD#:159744), also of New York, NY. He has been in the industry since 2006.\n\nCitigroup discharged Cho on April 14th, 2026, under allegations he utilized a customer\u2019s personally identifiable information and forged a signature to create a falsified \u201cnon-firm generated\u201d statement. These statements were used to misappropriate $3.5M of a customer\u2019s investment funds. Cho engaged in these activities while employed with both Citigroup and Ameriprise.\n\nFollowing a customer complaint regarding Cho\u2019s forging of their signature and misappropriation of $3.5 million from their brokerage account, FINRA initiated an investigation into Cho\u2019s business practices.\u00a0\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2026\/07\/Blog-Graphics40.png 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2026\/07\/Blog-Graphics40-180x120.png 180w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Sung Moo Cho (CRD# <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/5015906\" target=\"_blank\">5015906<\/a>; aka, <em>\u201cSam Cho Mr,\u201d \u201cSam Cho,\u201d<\/em>) Is a former registered broker and investment advisor last employed by Citigroup Global Markets Inc. (CRD#:7059) of New York, NY. His previous employers include Ameriprise Financial Services, LLC (CRD#:6363) of Hauppauge, NY, Mutual Of America Life Insurance Company (CRD#:15356) and Joseph Stone Capital, L.L.C. (CRD#:159744), also of New York, NY. He has been in the industry since 2006. <a href=\"https:\/\/www.silverlaw.com\/blog\/broker-sung-moo-cho-barred-after-misappropriating-3-5m\/#more-11998\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sung Moo Cho (CRD# 5015906; aka, \u201cSam Cho Mr,\u201d \u201cSam Cho,\u201d) Is a former registered broker and investment advisor last employed by Citigroup Global Markets Inc. (CRD#:7059) of New York, NY. His previous employers include Ameriprise Financial Services, LLC (CRD#:6363) of Hauppauge, NY, Mutual Of America Life Insurance Company (CRD#:15356) and Joseph Stone Capital, L.L.C. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[577,580],"tags":[],"class_list":["post-11998","post","type-post","status-publish","format-standard","hentry","category-finra-disciplinary-actions","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Broker Sung Moo Cho Barred After Misappropriating $3.5M &#8212; Securities Arbitration Lawyers Blog &#8212;<\/title>\n<meta name=\"description\" content=\"Sung Moo Cho is a former registered broker and investment advisor last employed by Citigroup Global Markets Inc. of New York, NY.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/broker-sung-moo-cho-barred-after-misappropriating-3-5m\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Broker Sung Moo Cho Barred After Misappropriating $3.5M &#8212; Securities Arbitration Lawyers Blog &#8212;\" \/>\n<meta name=\"twitter:description\" content=\"Sung Moo Cho is a former registered broker and investment advisor last employed by Citigroup Global Markets Inc. of New York, NY.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2026\/07\/Blog-Graphics40.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Broker Sung Moo Cho Barred After Misappropriating $3.5M &#8212; Securities Arbitration Lawyers Blog &#8212;","description":"Sung Moo Cho is a former registered broker and investment advisor last employed by Citigroup Global Markets Inc. of New York, NY.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/broker-sung-moo-cho-barred-after-misappropriating-3-5m\/","twitter_card":"summary_large_image","twitter_title":"Broker Sung Moo Cho Barred After Misappropriating $3.5M &#8212; 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