Leslie Koonce from Menlo Park, California Barred From Securities Industry
Have you lost money with financial advisor Leslie Koonce of Menlo Park, California? We are investigating allegations made by FINRA (the Financial Industry Regulatory Authority), against Leslie (or “Les”) R. Koonce. FINRA barred Leslie Koonce from the securities industry regarding allegations that he engaged in undisclosed private securities transactions without permission from his brokerage firm, LPL Financial. FINRA alleged that Koonce solicited 30 prospective investors to invest in convertible promissory notes of a private company.
Leslie Koonce was a financial advisor and registered representative of LPL Financial from September 2009 to November 2015. He worked at a branch office in Menlo Park, California. Koonce was terminated by LPL Financial for this conduct. He was also affiliated with Koonce Financial Services.
Brokerage firms like LPL Financial 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; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial.
Click to view: Koonce, Leslie FINRA AWC
Click to view: Koonce, Leslie BrokerCheck 12.18.17
If you lost money with Leslie Koonce or LPL Financial, please CONTACT US at 720-599-3505 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.