oreide Law Group has been contacted by investors who were former clients of:
PETER RAJINDER KOHLI (PETER R KOHLI) CRD#: 1064334.
Kohli, of Pottstown Pennsylvania, was formerly with Trustmont Financial Group Inc. and he was also CEO of both DMS Advisors Inc. and DMS Funds. PETER R KOHLI was barred by the Securities and Exchange Commission (SEC) on Mar. 7, 2018.
There was a complaint filed by the Securities and Exchange Commission (SEC), which PETER R KOHLI and DMS Advisors were alleged to have raised $3,200,000.00 in funds from over one hundred investors between 2012 and 2015. These investments were allegedly intended for a fund operated by the DMS Fund that had allegedly been launched by Kohli which was four emerging market mutual funds. Allegedly, Kohli misrepresented to his clients the risks involved with this fund.
It is alleged that PETER RAJINDER KOHLI misappropriated clients’ funds to pay down expenses without authorization. The SEC complaint stated that the investors were allegedly given phony financial documents which concealed Kohli’s alleged fraud.
According to FINRA’s BrokerCheck, PETER R KOHLI was “permitted to resign” from TRUSTMONT FINANCIAL GROUP, INC. in Leesport, Pennsylvania, following allegations that he accepted a loan from a customer which was in violation of the firm’s policies in April of 2015.
PETER RAJINDER KOHLI has 10 Disclosures on his CRD report with FINRA. Of those 10 Disclosures, 6 are Customer Disputes. Kohli was registered in the securities industry for 13 years and was listed with 5 firms. The most recent listed below:
07/23/2010 – 05/27/2015 TRUSTMONT FINANCIAL GROUP, INC. – LEESPORT, PA
10/20/2005 – 07/23/2010 EQUITAS AMERICA, LLC – WYOMISSING, PA
If you have experienced investment losses due to the actions or recommendations of PETER R KOHLI, formerly of TRUSTMONT FINANCIAL GROUP, INC. in Leesport, Pennsylvania, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee basis and represents clients nationwide before FINRA.