WARNING! Investigation of MICHAEL LEE of Kestra Investments – Darien, CT
Michael Lee, formerly with Kestra Investment Services, Suspended from Securities Industry
Have you lost money with financial advisor Michael Lee of Darien, Connecticut? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Michael Thomas Lee. FINRA suspended Lee from the securities industry for one year and fined $12,500. FINRA was investigating Lee regarding allegations that Lee engaged in outside business activities without disclosing such to his former brokerage firm, Kestra Investment Services. Lee was alleged to have solicited money for the Origin Fund and did not have authority from Kestra to do so.
Michael Lee was a financial advisor and registered representative of Kestra Investment Services from July 2014 to February 2017. He was also with Commonwealth Financial Network from February 2017 to October 2018. He worked at branch offices in Darien, Connecticut. He also was affiliated with Tiger Wealth Management, Investmark Advisory Group, and Altium Wealth Management.
Brokerage firms like Kestra Investment Services 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 Seattle, Washington; Ann Arbor, Michigan; and Denver Colorado. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Connecticut. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Kestra Investment Services.
Click to view: Lee, Michael FINRA AWC
Click to view: Lee, Michael BrokerCheck 7.29.19
If you lost money with Michael Lee or Kestra Investment Services, please CONTACT US at 720-599-3505 for a free evaluation of your case.