Charles Ehnot of Dunmore, Pennsylvania, a stockbroker currently registered with LM Kohn & Company, settled a customer initiated investment related arbitration based upon allegations that LM Kohn & Company failed to supervise Ehnot.
FINRA Public Disclosure reveals that Ehnot has been subject to an additional twenty-eight disclosure incidents. Particularly, on December 23, 1992, a customer initiated investment related arbitration claim involving Charles Ehnot’s actions was settled for $50,000.00 based upon allegations that Ehnot made misrepresentations and effected unsuitable transactions in limited partnership investments.
Nineteen customer initiated arbitration claims involving Ehnot’s conduct were settled for a total of $758,770.00 in damages based upon allegations against Ehnot for effecting transactions involving prudential limited partnerships. On June 23, 1994, two additional customer initiated investment related arbitration claims involving Ehnot’s actions were settled for $88,000.00 in damages based upon allegations against Ehnot of negligence, breach of contractual and fiduciary duties, and churning of the customer’s accounts.
On April 3, 2001, a customer initiated investment related arbitration claim involving Ehnot’s conduct was settled for $100,000.00 in damages based upon allegations against Ehnot of effecting unsuitable trades in the customer’s accounts. On February 26, 2002, a customer initiated investment related arbitration claim involving Ehnot’s actions was settled for $150,000.00 in damages based upon allegations that Ehnot excessively traded in the customer’s investment account.
On February 11, 2005, a customer initiated investment related arbitration claim involving Ehnot’s conduct was settled for $18,500.00 in damages based upon allegations that Ehnot utilized the customer’s margin account in an unauthorized manner, and effected unsuitable and excessive trades in the customer’s account.
On July 31, 2006, a customer initiated investment related arbitration claim involving Ehnot’s actions was settled for $45,000.00 in damages based upon allegations that Ehnot effected unauthorized and unsuitable trades in the customer’s account. On August 5, 2006, a customer initiated investment related arbitration claim involving Ehnot’s conduct was settled for $32,500.00 in damages based upon allegations that Ehnot breached his fiduciary duty to the customer, made misrepresentations to the customer concerning investments, and committed fraud.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
