State of North Carolina Orders Dennis Lehman to Cease and Desist
Dennis Lehman (CRD #: 2019289), a broker registered with Royal Alliance Associates, was the subject of recent regulatory action, according to his BrokerCheck record, accessed on October 23, 2022. If you have questions about Dennis Lehman’s conduct as a broker, read on.
Regulatory Action by State of North Carolina
On June 24, 2022, the North Carolina Department of Secretary of State, Securities Division alleged that Dennis Lehman failed to comply with the registration requirements of the North Carolina Investment Advisers Act by conducting business in North Carolina as a federally-covered registered investment adviser without being registered.
The Department alleged that he violated 78C-16(a1) of the North Carolina Investment Advisers Act from February 2014 through June 2022.
North Carolina Investment Advisers Act
Section 78C-16(a1) of the North Carolina Investment Advisers Act prohibits individuals from conducting business as an investment adviser in the state without being registered.
Dennis Lehman was ordered to cease and desist, fined $2,500, and required to pay an additional $1,000 penalty.
Blue Sky Laws
Blue sky laws are regulations that govern the securities business in a particular state. These laws may define what qualifies as a security, what registration requirements brokers must meet, and ban fraudulent activities and practices.
Dennis Lehman has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
Dennis Lehman is a registered broker in 25 states and the District of Columbia. He is also a registered investment adviser in seven states.
He has also worked for the following firms:
- NCA Financial Planners (CRD#:120086)
- Pruco Securities (CRD#:5685)
- The Prudential Insurance Company of America (CRD#:680)
Kurta Law Can Help
If you worked with Dennis Lehman and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.