Updated December 2023
Dunmore, PA
The FINRA records of Charles J. Ehnot , a stock broker employed by Supreme Alliance LLC, disclose 30 prior customer disputes and two outstanding IRS tax liens. 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 Supreme Alliance since 10/2019. Prior to that he was employed by CV Brokerage Inc., L. M. Kohn and 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.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090) Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
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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