Lewis Lester, previously with Olden Lane Securities, Suspended by FINRA
Have you lost money with financial advisor Lewis Lester? We are looking into allegations made about Lewis N. Lester from Bridgewater, New Jersey. FINRA (the Financial Industry Regulatory Authority) suspended Lester from the securities industry for twelve months and fined him $5,000. FINRA was investigating Lester after he allegedly did not disclose private securities transactions. Lester has been alleged to have sold private investments in an LLC.
Lewis Lester was a financial advisor and registered representative of Olden Lane Securities from August 2017 to November 2018. He worked in branch offices in Bridgewater, New Jersey. Lester was also involved with GCA Strategic Investment Fund, a hedge fund located in Bermuda; Global Capital Advisors, the investment manager for the Bermuda hedge fund; and CU Capital Market Solutions.
Brokerage firms like Olden Lane Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past.