According to records provided by the Financial Industry Regulatory Authority (FINRA), former Minnesota-based JP Turner broker Levi Lindemann is currently not registered to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Lindemann (CRD# 4163876).
Levi Lindemann has spent seven years in the securities industry and was most recently registered with JP Turner & Company in Oakdale, Minnesota (2010-2012). Previous registrations include Workman Securities Corporation in Oakdale, Minnesota (2009-2010); United Equities Securities in Huston, Texas (2008-2009); Intersecurities in Oakdale, Minnesota (2007-2008); Equity Leadership Securities Group in Tampa, Florida (2005-2007); and United Securities Alliance in Greenwood Village, Colorado (2001-2003). He is currently not registered with any firm or state.
According to his BrokerCheck report, Levi Lindemann is the subject of three pending customer complaints and one pending action by the Securities and Exchange Commission.
In 2015 a customer alleged Levi Lindemann, while employed at JP Turner, violated the Minnesota Uniform Securities Act, breached his fiduciary duty, acted negligently, and engaged in outside business activities. The customer is seeking $50,000 in damages in the pending complaint.
In 2015 a customer alleged Levi Lindemann, while employed at JP Turner, misrepresented material facts, breached his fiduciary duty, and acted negligently. The customer is seeking $200,000 in damages in the pending complaint.
In 2015 a customer alleged Levi Lindemann, while employed at JP Turner, misrepresented material facts and recommended an unsuitable private placement. The customer is seeking $65,000 in damages in the pending complaint.
In 2014 the Securities and Exchange Commission (SEC) filed an emergency action alleging Levi Lindemann “operated a fraudulent scheme through his private company and his sole proprietorship,” in which he raised roughly $976,000 from six investors, “including elderly individuals and a member of his own family.” According to the SEC’s complaint, Mr. Lindemann “told these investors that their money would be used to purchase a variety of purported investments including various notes and interests in a unit investment trust.” The SEC alleges that “in reality, none of these investments were ever made.” The action remains pending.
If you have lost money investing with Levi Lindemann, you may be able to collect lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.