Skip to main content

Exit WCAG Theme

Switch to Non-ADA Website

Accessibility Options

Select Text Sizes

Select Text Color

Website Accessibility Information Close Options
Close Menu
Carlson Law, P.A. Motto
  • Free Consultation
  • ~

John-Aaron Lehnert: Laguna Niguel Financial Advisor Suspended

A disciplinary action taken by the Financial Industry Regulatory Authority against former Laguna Niguel, California broker and investment advisor John-Aaron Lehnert (CRD# 5989046) suspended him over allegations he took unapproved loans from customers. A former representative of Morgan Stanley, Lehnert was suspended for five months and fined $7,500.

According to a Letter of Acceptance, Waiver and Consent (No. 2017053139401) dated October 2018, John-Aaron Lehnert was associated with Morgan Stanley when, between December 2013 and September 2015, he took loans from three firm customers totaling $44,700, for which he did not provide the firm with advance notice or receive its written approval, and about which he made misrepresentations in annual compliance questionnaires. FINRA’s findings go on to say that he borrowed $29,700 from one firm customer through a series of loans governed by an oral agreement; he agreed to repay them at an interest rate of 6%, and repaid a total of $13,060 of the sum he borrowed. He also borrowed $9,500 from a second customer, according to FINRA, in a transaction governed by a promissory note with an interest rate of 31.5% and monthly repayments of $250, which he repaid “in full plus interest,” according to FINRA. He borrowed a sum of $5,500 from a third customer, according to FINRA, and repaid $2,000. FINRA states that he did not seek the firm’s approval for any of these loans, and did not disclose them until the firm questioned him about them.

According to FINRA, Lehnert gave “false or misleading” statements in two annual compliance questionnaires, in 2015 and 2016, in which he attested that he had not borrowed money from any firm customer in the preceding 24-month period. FINRA’s findings go on to state that when the firm interviewed Lehnert as part of an internal investigation, he falsely attested that “none of the Loans were documented by a promissory note and that he received some of the loans from [one of the customers] prior to his employment” at the firm. FINRA’s findings state that these activities constituted violations of FINRA Rules 3240 and 2010. As a result of the foregoing alleged conduct, he was suspended from associating with any FINRA member in any capacity for five months. He was also ordered to pay a fine of $7,500.

John-Aaron Lehnert is currently not registered as a broker or investment advisor. His employment history includes Morgan Stanley in Laguna Niguel, California. He currently holds zero state licenses and has passed three securities industry qualification examinations.

Facebook Twitter LinkedIn

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Latest Blog Posts

Brian Marston: $1.7MM Real Estate Complaint Against Woodbury Rep

Greenwood Village, Colorado stockbroker and investment adviser Brian Marston (CRD# 733083) is involved in pending investor disputes. According to the Financial Industry Regulatory Authority, Marston is currently a representative of...

Read More

$3MM Complaint Against Elm Grove Rep Timothy Bartelt

Raymond James stockbroker Timothy Bartelt (CRD# 2501532) is the subject of an investor complaint alleging $3 million in damages. According to the Financial Industry Regulatory Authority, Bartelt is based in...

Read More

Michael Shillin: SEC Files SpaceX Charges Against Ex-AGP Rep

Former Altoona stockbroker and investment adviser Michael Shillin (CRD# 5927156) has been named in charges by the Securities and Exchange Commission alleging he deceived his investors. According to the Financial...

Read More

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Skip footer and go back to main navigation