CHICAGO, May 6, 2009 (GLOBE NEWSWIRE) -- The Securities Law Firm of SHEPHERD SMITH EDWARDS & KANTAS LLP, www.sseklaw.com, has recently filed a claim on behalf of a client of LONDO FINANCIAL GROUP, RAY LONDO AND LINSCO PRIVATE LEDGER (LPL).
According to official records made public by the Financial Industry Regulatory Authority (FINRA.org), Ray Londo was terminated from Linsco Private Ledger (LPL) earlier this year for failing to follow "Firm Policy related to the lending/borrowing of funds from clients." It is improper for FINRA registered representatives to borrow funds from clients or to even accept checks made out to the broker personally. If you were a client of Ray Londo and lent money to him, or anyone else in his organization, and were promised a rate of return, we would like to hear from you.
Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and staff with more than 100 years of combined experience in the securities industry and in securities law. Since 1990, we have represented thousands of investors nationwide to recover losses. We have represented clients in Federal and state courts and in arbitration through the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange Inc. (NYSE), the American Arbitration Association (AAA) and in private arbitration actions. Collectively, we have represented over 1,000 investors over the last 18 years in negotiation, mediation, arbitration and litigation.