Investors potentially experienced investment losses through securities broker Leslie Howard Kern (also known as Les H. Kern) [CRD: 1140180, Wilmington, North Carolina]. Evidently, Kern has worked with D.H. Hill Securities, LLLP in Wilmington, NC since January 4, 2016, and with D.H. Hill Advisors Inc. in Kingwood, Texas since February 10, 2016. Continue reading to discover more about Kern's disclosures, which include investor disputes alleging sales practice violations.
D.H. Hill Securities Investor Accused Kern Of Misrepresentation, Unsuitable Recommendation
Notably, on May 30, 2023, a D.H. Hill Securities client filed FINRA Arbitration No. 23-01539 about Leslie Kern. Specifically, the client alleged that Kern misrepresented information, failed to conduct reasonable due diligence, and provided unsuitable advice. Consequently, the client reportedly sustained damages on asset-backed bonds. Therefore, the client requested $50,000 in compensation from D.H. Hill Securities or Kern. This arbitration is pending a resolution.
Leslie Kern Disclosed Breach Of Fiduciary Duty Allegations By D.H. Hill Securities Client
Subsequently, a client of D.H. Hill Securities contested Leslie Kern’s sales practices by filing FINRA Arbitration No. 23-00462 on February 28, 2023. Allegedly, Kern made unsuitable recommendations, breached his fiduciary duty, and made misrepresentations. The client argues that Kern's actions through 2022 caused damages on asset-backed bonds. Therefore, the client seeks compensation from D.H. Hill Securities or Kern in the amount of $100,000 in this ongoing matter.
Investor Accused Kern Of Breach Of Contract
Furthermore, a D.H. Hill Securities client filed FINRA Arbitration No. 22-02112 about Leslie Kern. The client alleged that Kern breached a contract, made unsuitable recommendations, and misrepresented important information. These actions allegedly resulted in damages on asset-backed bonds and real estate securities. However, on November 23, 2022, D.H. Hill Securities settled this matter by paying the client $7,500 in damages.
Leslie Kern Disclosed Misrepresentation Allegations By Sigma Financial Corporation Client
Also, a client of Sigma Financial Corporation contested Leslie Kern's sales practices by filing NASD Arbitration No. 03-01038. The client alleged that Kern misrepresented a variable universal life policy and claimed that a 1035 exchange was unsuitable. Sigma Financial Corporation decided to settle the matter on February 18, 2003, by compensating the client in the amount of $160,500.
Did You Sustain Losses Because Of Kern?
Did you experience damages because of securities broker / financial advisor Leslie Kern? If so, reach out to Soreide Law Group or call (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Kern and the brokerage firms he worked for deny accusations of sales practice violations.
