John Lemak: $475K Complaint Against Axiom Advisor

New York City financial advisor John Lemak (CRD# 845891) allegedly breached his fiduciary duty, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker with Axiom Capital Management and an investment advisor with Sandor Advisors.

Mr. Lemak’s BrokerCheck report discloses two investor complaints. The most recent, filed in July 2024, alleges that as a representative of Axiom Capital Management, he breached his fiduciary duty, violated securities industry laws and FINRA rules, and acted professionally negligent in connection with a private placement investment. The pending complaint alleges damages of $475,000.

An earlier investor complaint, filed in 2021, alleged that as an Axiom Capital Management representative, he misrepresented material facts and failed to disclose information and risk factors associated with a private placement investment. The complaint alleges $100,000 in damages and was withdrawn.

Axiom Capital Management’s website include a page describing the bank’s specialities, including investment banking. “Through our experienced investment banking team, Axiom has relationships with corporations, private equity firms, hedge funds, capital sources, and relevant investors throughout the world,” it explains. “Axiom has especially deep connections in China and greater Asia, providing opportunity in some of the fastest growing emerging markets.”

According to the Financial Industry Regulatory Authority, John Lemak holds 46 years of securities industry experience. Based in New York City, he has been registered as a broker with Axiom Capital Management since 2015 and an investment advisor with Sandor Advisors since 2002. His past registrations include WFG Advisors, WFG Investments, Morgan Keegan & Company, and Kidder Peabody & Company. His credentials include the passage of six securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Investment Banking Registered Representative Examination, or Series 79TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in California, Florida, Massachusetts, Michigan, New York, Oklahoma, Pennsylvania, Texas, and Washington. (Information current as of August 31, 2024.)

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