Ka Kiertonkaysy Lor (Ka Lor) Barred from Securities Industry and Fired by Farmers Financial Solutions, LLC -- Goodman & Nekvasil P.A, May Recover Investor Losses
Goodman & Nekvasil P.A, May Recover Investor Losses - Ka Kiertonkaysy Lor (Ka Lor) Barred from Securities Industry and Fired by Farmers Financial Solutions, LLC
From 2008 until Ka Lor’s firing in 2014, Ka Lor was licensed with Farmers Financial Solutions, LLC. According to FINRA records, Ka Lor was fired by Farmers Financial Solutions, LLC on May 1, 2014. Farmers Financial Solutions, LLC reported to FINRA that Ka Lor was fired after Ka Lor, in Ka Lor’s capacity as an insurance agent, allegedly used property and casualty insurance premiums for office/business expenses.
Subsequent to Ka Lor’s firing, FINRA brought a disciplinary action against Ka Lor in 2017. Ka Lor consented to a bar from the securities industry. Ka Lor also consented to findings that Ka Lor converted certain insurance customer funds and used them to pay for Ka Lor’s office rent, staff salaries and office expenses, rather than making the customers’ insurance premium payments. The findings also stated that Ka Lor subsequently converted additional insurance customers’ funds, totaling more than $4,700. FINRA found that those customers intended the funds for their insurance premium payments, however, Ka Lor used the funds to make insurance premium payments for other customers whose monies Ka Lor had previously converted. The findings also stated that Ka Lor failed to provide documents and information and failed to appear for and provide testimony requested by FINRA.
If you lost any money on investments with Ka Lor, you may be able to recover your losses from Farmers Financial Solutions, LLC. This is because Farmers Financial Solutions, LLC had a duty to supervise Ka Lor.
If you lost money on investments with Ka Lor, and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Farmers Financial Solutions, LLC, concerning Ka Lor’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on any investments with Ka Lor and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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