Kent Lehman of Securian Financial Services, Inc., was barred from the securities industry for borrowing funds from clients. FINRA Rules generally bar stockbrokers from borrowing client funds. Not only did Mr. Lehman break this rule but, according to FINRA, he also failed to disclose the loan to his employer. He also did not respond to FINRA inquiries about his borrowing. If a stockbroker is so unsuccessful that they are borrowing money from clients, they may also be motivated to do things that enrich themselves at the expense of their clients. If you have loaned money to your stockbroker or feel that your stockbroker’s behavior is odd or unethical, you may be able to recover investment losses. Contact the attorneys at Investor Defense Law LLP at no charge to find out whether you have a claim.
Investor Defense Law LLP is a law firm dedicated to helping investors in California, Georgia, and Washington recover losses caused by stockbrokers, financial advisers, or investment firms. To learn more, contact an investment fraud attorney at 800.487.4660.