Dennis Lee From Middle Village, New York
Have you lost money with financial advisor Dennis Lee of Middle Village, New York? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Dennis C. Lee. FINRA suspended Lee from the securities industry for 9 months and fined him $15,000 for failing to disclose to his brokerage firm, AXA Advisors, that he had engaged in discretionary trading with a customer’s account at another brokerage firm. Lee was also accused of mismarking at least 55 order tickets as being “unsolicited” when in fact the trades were solicited by Lee.
Dennis Lee was a financial advisor and registered representative of from AXA Advisors from 1993 to April 2015. He worked at branch offices in Middle Village and New York, New York. Lee’s BrokerCheck report discloses that he has three customer complaints since 2015. He was also discharged by AXA Advisors for the conduct alleged in the FINRA action.
Brokerage firms like AXA Advisors have the 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 and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York in the past, including investors from the New York City area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including AXA Advisors.
Click to view: Lee, Dennis FINRA AWC
Click to view: Lee, Dennis BrokerCheck 2.1.17
If you lost money with Dennis Lee or AXA Advisors, please CONTACT ISRAELS & NEUMAN 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.