Tag Archives: Avalon FA Ltd.

Samuel F. Lek of Lek Securities Discloses 6 Pending Regulatory Investigations

August  2016-New York

The FINRA records of Samuel F. Lek ,  a  stock broker who is currently  employed  by Lek Securities Corporation  , disclose 6 pending FINRA investigations.

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.

 

The six pending FINRA investigations include:

  • FINRA 5/9/2016 Investigation

    FINRA Legal has made a determination to recommend that formal disciplinary action be brought against Mr. Lek for the following: 1) Causing Lek Securities to fail to establish, document, and maintain a system of risk management controls and supervisory procedures, including written supervisory procedures, reasonably designed to manage regulatory compliance risks associated with providing direct market access to customers. 2} Aiding and abetting manipulative trading activity by Lek Securities customers, including but not necessarily limited to Avalon FA Ltd., in contravention of Section l0{b} of the Securities Exchange Act of 1934 and other securities laws.

  • Lek has been employed by Lek Securities since 12/1993.

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.

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