Donald Eugene Bentley of Mt. Sterling Kentucky a former Lincoln Financial Securities Corporation registered representative is the subject of a Kentucky Department of Financial Institutions investigation into accusations that Bentley made misstatements to the regulator in the course of being audited.
Bentley had previously been fined $5,000.00 by The Kentucky Department of Financial Institutions according to an Order containing findings that Bentley filed misleading or false information when attempting to gain registration in the state. Case No. 17-AH-00016 (Feb. 24, 2017).
Financial Industry Regulatory Authority (FINRA) Public Disclosure further confirms that Bentley has been identified in five more customer initiated investment related disputes containing allegations of Bentley’s violative conduct while employed with Lincoln Financial Securities Corporation, Global Financial Private Capital, LLC, Jefferson Pilot Securities Corp and FWG Investments LLC.
Specifically, on October 24, 2002, a customer filed an investment related complaint regarding Bentley’s activities where the customer sought unspecified damages founded on accusations that misrepresentations had been made to the customer concerning a variable universal life product, and the annuity sold to the customer was inappropriate.
On October 20, 2003, a customer filed an investment related complaint concerning Bentley’s conduct where the customer requested unspecified damages based upon allegations that Bentley misrepresented the policy. Thereafter, a customer initiated investment related civil action involving Bentley’s conduct was settled for $1,275,000.00 in damages supported by accusations that Bentley breached his contractual obligations to the customer, negligently handled the customer’s life insurance transaction, misrepresented the terms and condition of investing, and defrauded the customers. Civil Action No. 15-C1-179 (June 19, 2017).
Moreover, on February 27, 2018, a customer filed an investment related complaint involving Bentley’s activities in which the customer sought damages estimated to exceed $5,000.00 founded on allegations that Bentley failed to accurately inform the customer about the nature and earnings potential of a fixed annuity.
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