Lonna Dehn Ristvedt, previously with National Planning Corp., Suspended by FINRA
Have you lost money with financial advisor Lonna Dehn Ristvedt? We are looking into allegations made about Lonna R. Dehn Ristvedt from Fargo, North Dakota. FINRA (the Financial Industry Regulatory Authority) suspended Dehn Ristvedt from the securities industry for four months and fined her $5,000. FINRA was investigating Dehn Ristvedt after she allegedly did not disclose private securities transactions. Dehn Ristvedt has been alleged to have sold investments in Future Income Payments (FIP), and investors have suffered significant losses in FIP.
Lonna Dehn Ristvedt was a financial advisor and registered representative of National Planning Corp. from July 2010 to November 2017. She was also affiliated with LPL Financial from November 2017 to November 2019. She worked in branch offices in Fargo, North Dakota.
Brokerage firms like National Planning Corp. 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 North Dakota. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against National Planning Corp.