Lewis Nelson Lester Sr. (Lewis Lester) – Financial Advisor/Broker Lewis Lester Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Lewis Lester is a previously licensed financial advisor with Olden Lane Securities LLC. According to FINRA, Lewis Lester was suspended from the securities industry for one year in November 2020.
According to FINRA Allegations:
Lester consented to the sanctions and to the entry of findings that he participated in private securities transactions without providing prior written notice to his member firm. The findings stated that Lester participated in the private securities transactions by facilitating additional sales of ownership units in a limited liability company that provided consulting services to credit unions. Specifically, an existing investor in the company contacted Lester regarding a potential additional investment. Lester, in his role as chief executive officer of the company, signed an addendum to the investor’s original subscription agreement, pursuant to which the investor made an additional $500,000 investment and received additional ownership units in the company. The same investor again contacted Lester to discuss a further investment in the company. Lester, on behalf of the company, signed another addendum to the investor’s original subscription agreement, pursuant to which the investor made an additional $1,000,000 investment and received additional ownership units in the company. The additional ownership interests purchased by the investor were securities. Lester did not receive any commissions or other payments for his role in these transactions.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Lewis Lester and believe 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 concerning Lewis Lester’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 $200 million on behalf of victimized investors. If you lost money on investments with Lewis Lester 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.
Some of the information in this blog post was obtained on 10/29/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.