Victor Alan Lessinger, a former stockbroker associated with Colorado Financial Services Corporation based in Boca Raton, Florida, was sanctioned by Financial Industry Regulatory Authority (FINRA) for willfully violating Exchange Act Rule 15l-1(a)(1) by recommending high-risk closed-end funds to a retail customer whose investment profile indicated moderate risk tolerance and an income-oriented objective. Letter of Acceptance,…
Victor Alan Lessinger, a stockbroker from Centennial, Colorado, formerly associated with Colorado Financial Service Corporation, has been sanctioned by Financial Industry Regulatory Authority (FINRA) following allegations of unsuitable investment recommendations. Letter of Acceptance, Waiver, and Consent (AWC) No. 2023077597701. Between June 2022 and February 2023, Lessinger advised an 82-year-old retail customer to invest in three…