Mitchell Behm, from Denver, Colorado, Suspended Seven Months from Securities Industry by FINRA
Have you lost money with financial advisor Mitchell Behm of Denver, Colorado? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Mitchell G. Behm. FINRA recently suspended Mitchell Behm from the securities industry for seven months and fined him $10,000. FINRA was investigating Behm regarding allegations that he borrowed $180,000 from a customer to purchase a vacation home, in violation of FINRA rules and, likely, the internal policies of his brokerage firm, Edward Jones. Behm also failed to disclose that he filed for bankruptcy in 2009.
Mitchell Behm was a financial advisor and registered representative of Edward Jones from 2005 to January 2016. He worked at a branch office in Denver, Colorado. Behm also has three customer complaints on his BrokerCheck report.
Brokerage firms like Edward Jones 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; Ann Arbor, Michigan; and the Seattle area. We represent investors in FINRA arbitration in all 50 states, including investors throughout the Denver area and Colorado. We have previously represented over one thousand investors against numerous brokerage firms in the past, including Edward Jones.
Click to view: Behm, Mitchell FINRA AWC
Click to view: Behm, Mitchell BrokerCheck 6.29.17
If you lost money with Mitchell Behm or Edward Jones, please CONTACT US at 206-795-5798 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.