Category Archives: L.M. Kohn & Co.

Ernest Romer III-Former CoreCap Investments Broker-Discloses Customer Disputes/Industry Bar-Sterling Heights, MI

August 2017-Sterling Heights, MI

According to publicly available records Ernest Julius Romer III  (CRD#2311741) ,  a  former stockbroker who was most recently registered with Corecap Investments, Inc.  disclose 5 Regulatory Events, 8 Customer Disputes , 4 Terminations and outstanding judgment/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 July of 2017, FINRA permanently barred Romer from acting as a broker or otherwise associating with firms that sell securities to the public. Romer discloses other regulatory sanctions alleging that he failed to disclose federal and state tax liens against him.

In a pending matter brought by Michigan regulators, it is alleged that Romer defrauded a customer by convincing several customers to liquidate securities and entrust Romer with the proceeds, which Romer then deposited in an account which he controlled for his own benefit.

In a matter currently pending in Michigan circuit court a customer of CoreCap Investments seeks damages of $110,000 and alleges that Romer solicited funds from them to invest in a firm owned by him , P&R Capital. The customer alleges that Romer converted the funds to his own use.

In FINRA case 17-01082, a customer of CoreCap Investments seeks damages of $50,000 and alleges that Romer solicited them to invest in “CoreCap Solutions” but converted the money to his own use.

In January 2017, Romer was discharged by CoreCap Investments who made the following allegation on Romer’s FINRA record: “Romer obtained loans from three clients for the stated purpose of starting a business: he was instructed to return the funds and not to engage in the business. To the firm’s knowledge, no funds have been returned as of the date of this filing”.

Romer discloses two tax liens to the State of Michigan and one to the Internal Revenue Service in the amount of $160,634.

ROmer’s prior employment includes L.M. Kohn & Co. and Leonard and Company.

If you have questions about an investment account handled by Ernest Romer, III, contact us to learn about 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Matthew T. Flynn-L.M. Kohn Broker-Discloses Customer Dispute Over REIT Investment

July 2016- Troy, Michigan

The FINRA records of Matthew T. Flynn  , a stock broker employed by L.M. Kohn & Company, disclose  a pending customer arbitration, a prior final financial disclosure and a prior termination.

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 FINRA Case 13-003391 , a customer while Flynn was employed by WRP Investments alleges damages of $275,000 for the sale of non publicly traded real estate investments trusts (REIT) that were not suitable.

In 9/2014 Flynn was discharged from Fifth Third Securities who made the following allegation on Flynn’s FINRA record: “The firm terminated the registered representative as a result of an examination which found the registered representative violated firm policies and procedure, including but not limited to, the alteration of a client document.”

Flynn made the following statement in response: “I effectuated the urgent request of a very elderly client who expressed a need to quickly settle his affairs for a surviving spouse. I completed a signature line that the client inadvertently overlooked among dozens of other signatures the client had signed the same forms multiple times to open multiple accounts and overlooked a signature line. I have not previously completed the signature for a client in over 22 years working in the securities industry and only did so because of the unique urgency expressed by the this client.”

Flynn reports discharge from Chapter 7 bankruptcy proceedings in the Eastern District of Michigan in 12/2011.

Osborn has been employed by L.M. Kohn since 10/2014. Prior to that he was employed by FIfth Third Securities from 10/2012-10/2014. Before that he was employed by Morgan Stanley and WRP Investments.

If you have losses in an account handled by Matthew T. Flynn, you may be able to collect damages from his former employer.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Charles J. Ehnot-L. M. Kohn Broker- Discloses 30 Customer Disputes-Dunmore, PA

UPDATED JUNE 2017- Dunmore, PA

The FINRA records of Charles J. Ehnot , a stock broker employed by L.M. Kohn & Company, disclose  30 prior customer disputes that have been settled. See this for details. 

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 April 2017, a client of L.M. Kohn alleged that Ehnot did not have authority to execute a trade involving a real estate security. That case was settled for $20,000.

In FINRA Case 15-1261, which was resolved recently, a customer  of L. M. Kohn alleged damages of $160,000 for losses incurred on master limited partnerships in the oil industry. That case was settled for $49,750.

Ehnot has been employed by L.M. Kohn since 1/2012. Prior to that he was employed by Midsouth Capital.

If you have losses in an account handled by Charles J. Ehnot, you may be able to collect damages from his former employer.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Douglas C. Osborn-L.M. Kohn Stock Broker Discloses Customer Dispute

July 2016- Troy, Michigan

The FINRA records of Douglas C. Osborn , a stock broker employed by L.M. Kohn & Company, disclose  a pending customer arbitration.

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 FINRA Case 15-1418, a customer alleges damages of $500,000 and claims that Osborn failed to properly manage his accounts resulting in losses. The customer also alleges that L.M. Kohn and a company officer failed to properly hire the representative and failed to supervise.

Osborn has been employed by L.M. Kohn since 7/2012. Prior to that he was employed by Leonard & Company.

If you have losses in an account handled by Douglas C. Osborn, you may be able to collect damages from his former employer.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Scott Cameron Nicol Sanctioned by Securities Regulators

December 23, 2014

Scott Cameron Nicol  entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he willfully failed to timely amend his Form 4 ( a FINRA record) to disclose the following:

  • A June 15, 2006 small claims court lien  from Macomb County, MI
  • Two 2007 IRS tax liens totaling over $150,000 which were subsequently released in 2011.
  • A 2011 judgment entered by a FINRA arbitration panel against him of more than $117,000.
  • A small lien entered against him in 2012 in Oakland County, MI.

Case # 2013036671901

Nicol was suspended for six months and agreed to pay a fine of $5,000.

According to FINRA records Nicol was registered with L.M. Kohn & Company from 6/2013-11/2013. Prior to that he was registered with Merrill Lynch.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870