April 2019-Bangor, Maine
According to publicly available records Robert Kenneth Lindell, , a previously registered stockbroker and former Maine lawmaker, who was last employed by Richfield Orion International, disclose 5 prior regulatory events, a criminal conviction, 2 prior customer disputes and 2 terminations from employment.
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 7/2017 Lindell was permanently barred from the securities industry after he failed to respond to a FINRA request for information.
In the criminal matter, Case17-707, Penobscot County Superior Court, Lindell was charged with knowing or intentional securities violations and theft by unauthorized taking or transfer. According to News Center Maine, Lindell was convicted on 15 counts including theft, securities fraud for defrauding 2 elderly women out of over $3 million and intentional evasion of and failure to pay Maine income tax and was sentenced to 10 years in prison.
One of the elderly lady victims was from Belfast, ME and the other was a resident of France.
In May 2013, Lindell was discharged by Revere Securities who alleged: “violations of the firms policies on service as a personal trustee, accepting a fee for financial planning which was not approved and discretionary trading of client accounts”.
Lindell worked for Revere Securities from 2010-2013, and then for Richfield Orion International from 2013-3/2017. He is not currently registered with any broker dealer. Lindell discloses a business affiliation with R.K. Lindell & Co., 1220 N. Dutton, Ste 101, Santa Rosa, CA.
If you have losses in an account handled by Robert K. Lindell, contact us to learn how you may be entitled to recover damages through FINRA arbitration.
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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