July 2016- Syosset, NY
The FINRA records of Allen B. Holeman , a stock broker who works for David Lerner Associates , disclose a currently pending regulatory matter and 2 outstanding judgement/liens
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In a currently pending FINRA Case # 2014043001601, FINRA alleges that Holeman willfully failed to timely amend FINRA records to disclose unsatisfied tax liens after there were imposed. The complaint alleges that Holeman also falsely completed his firm annual compliance questionnaire, thereby misleading the firm by attesting that there were no liens against him when he knew there were.
Holeman discloses 2 unsatisfied IRS tax liens in the amounts of $18,444.42 and $58,853.40.
Holeman has worked for David Lerner Associates since 11/2013. Prior to that he worked for Oppenheimer & Co.
If you have losses in an account handled by Allen B. Holeman , contact us to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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