Broker Complaints: Lek Securities Corp. (CRD# 33135)

The securities and investment fraud law firm, Fitapelli Kurta, are interested in speaking to investors who have complaints against Lek Securities Corp.

Lek Securities Corp. is an independent broker-dealer firm, located in New York, New York. Its main office is located at 1 Liberty Plaza 165 Broadway 52nd floor, New York, New York 10006. Lek Securities Corp. was incorporated in Delaware in 1990 and is registered with both the SEC and FINRA. Lek Securities Corp. is registered in 46 U.S. states and territories. Lek Securities Corp. has nine disclosed regulatory events on its FIRNA BrokerCheck Report. Seven of the regulatory events are final and two are currently on appeal.

On January 29, 2015 Lek Securities Corp. was fined $30,000 for failing to “make publically available reports on its routing of non-directed orders in covered securities” Additionally, between April , 2011 and June 30, 2012, Lek Securities Corp. failed to have a supervisory system that was designed to achieve compliance with relevant securities law and regulations, as required by FINRA.

On April 22, 2014 Lek Securities Corp. was fined $5,000 for failing to ensure compliance with certain Chicago Board Options Exchange rules relating to granting priority to the highest bid and lowest offer available at the time.

On November 5, 2014 Lek Securities Corp. was fined $25,000. According to Lek Securities Corp.’ BrokerCheck Report, Lek Securities Corp. failed to report, and inaccurately reported, a number of options positions and failed to reasonable supervise and implement controls designed to prevent this type of event.

On November 7, 2013 Lek Securities Corp. was fined $30,000 when the National Futures Association found deficiencies in the way Lek Securities Corp. prepared certain financial documents. Specifically, all futures customers were instructed to wire funds into Lek Securities Corp.’s operating bank account instead of directly into the segregated customer accounts. The investigation also revealed a number of customer and non-customer funds were commingled.

On April 17, 2012 Lek Securities Corp. was fined $30,000 by the Chicago Stock Exchange for violating various rule and policies of the Exchange. According to its BrokerCheck Report, it was alleged that Lek Securities Corp. failed to provide the Chicago Stock Exchange with “lay-off drop copy records for internal error accounts.” Additionally, Lek Securities Corp. did not keep separate accounts for principal and error transactions and failed to properly record a number of orders between 2006 and 2009.

On November 10, 2009, Lek Securities Corp. was fined $10,000 when Lek Securities Corp. submitted a “nominee authorization” to the Chicago Board Options Exchange indicating that Michael Frehr was to be a nominee of Lek Securities Corp. who would act as a floor broker for Lek Securities Corp. when Lek Securities Corp. knew, or should have known that Michael Frehr was already employed by Joh Options, Inc.

On May 29, 2007 Lek Securities Corp. was fined $10,000 when the Chicago Board Options Exchange issued a complaint against Lek Securities Corp.’s CEO, Samuel Lek allowed a broker who was employed by another firm, to act as a floor broker for Lek Securities Corp.

If you or someone you know has lost money investing in Lek Securities Corp. or any of its brokers, you may be entitled to recovery of your losses.

Our firm prosecutes cases on behalf of investors, like yourself, who have been victimized by broker-dealer firms. However, to file a claim with FINRA is limited, so do not delay.

Call 877–238-4175 now for your free consultation.