Written by The White Law Group• May 25, 2019• 4:42 pm• Blog

Robert Kenneth Lindell Jr. | Broker Investigation

Robert Kenneth Lindell Broker Investigation, Featured by Top Securities Fraud Attorneys, The White Law Group

SEC Bars Robert Kenneth Lindell Jr. after Reported Criminal Conviction

Have you suffered losses investing with former financial advisor Robert Kenneth Lindell? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against his former employers.

According to an administrative order posted on May 24, 2019, the Securities and Exchange Commission has reportedly barred Robert Kenneth Lindell, Jr. from working in the securities industry.

The Order and Respondent’s Offer, was based on the Commission’s findings that on November 7, 2018, Lindell was reportedly “convicted by a jury in Penobscot County Superior Court, Maine, of fifteen criminal counts involving theft, securities fraud, intentional evasion of Maine income tax, and failure to pay Maine income tax.”

According to the regulator, the conviction concerned Lindell allegedly defrauding two elderly widows out of more than $3 million and failure to pay taxes on the income he earned as a result of the alleged fraud, instead receiving tax refunds he was reportedly not entitled to.

According to his FINRA BrokerCheck report, Lindell was affiliated with Revere Securities Corp. in Bangor, Maine from July 2010 until May 2013 when he was discharged for “violation of the firm’s policies on service as a personal trustee. Accepting a fee for financial planning which was not approved and discretionary trading of client accounts.”

Most recently, he was a registered representative for Richfield Orion International in Santa Rosa, CA from May 2013 until March 2017.

Lindell currently has 11 disclosure events listed on his broker report; 6 regulatory events, 2 employment separations, 1 criminal charge, and 2 customer complaints have been filed against him.

Recovery of Investment Losses

The White Law Group is investigating potential claims involving Lindell and the liability his former employers may have for failure to properly supervise him.

Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois.

We represent investors in FINRA arbitration claims in all 50 states, including Maine. Our attorneys have recovered millions of dollars from many brokerage firms in the past.