BCSC investigating Sung Wan ‘Sean’ Kim

 

On October 13, 2009, BCSC issued an investor alert announcing that the BCSC is investigating Sun Wan ‘Sean’ Kim, the principal of Cirplus Futures Inc., a Vancouver-based exchange-contracts dealer.

Anyone who has had recent financial dealings with Kim or is a client of Cirplus to contact the BCSC. A Korean translator will be available through our inquiries line at 604 899-6854 or 1-800-373-6393.

RCMP received a complaint about Mr. Kim on Friday October 9, which was passed onto the BCSC. The BCSC’s enforcement group is currently working closely with the RCMP on this case. 

Some background.  Cirplus Futures is a five year old foreign exchange ‘futures’ trading firm based in downtown Vancouver. As of Friday, October 9, Cirplus is being wound down under BCSC supervision.  Mr. Sun Wan ‘Sean’ Kim has been a principle of the firm since November 2002.  We don’t know where he is at this time. 

BCSC is very concerned that both Cirplus clients and others have invested their money with Mr. Kim.