Ken Nahrstedt: FINRA Suspends LM Kohn Advisor

Rocky River, Ohio financial advisor Ken Nahrstedt (CRD# 2096953) allegedly caused his member firm to maintain inaccurate books and records, according to a recent sanction. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with LM Kohn & Company.

A Letter of Acceptance, Waiver, and Consent (No. 2023078986501) released by FINRA describes its disciplinary action against Mr. Nahrstedt. Filed in January 2025, it alleges that in April 2023, he submitted a written attestation to his member firm, LM Kohn, “in which he falsely attested that he had spoken to a customer to confirm a $500,000 wire transfer from a customer’s account.” Despite this attestation, according to FINRA, “he had not done so.” This constituted a false written attestation in violation of FINRA Rule 2010, FINRA found. It also caused his member firm to maintain inaccurate books and records, in violation of both FINRA Rules 4511 and 2010. As a result of these findings, FINRA suspended him for two months and ordered him to pay a fine of $5,000.

LM Kohn & Company’s website includes a page describing the firm’s background and approach to working with its clients. “L.M. Kohn is committed to affiliating with advisors who are dedicated to their business,” it explains. “Those who serve their clients to the best of their ability, and who have demonstrated devotion to operating their own practices with integrity, transparency, and a fiduciary duty whether it’s legally required or not.”

According to the Financial Industry Regulatory Authority, Ken Nahrstedt holds 24 years of securities industry experience. Based in Rocky River, Ohio, he has been registered as a broker and an investment advisor with LM Kohn & Company since 2022. His registration history includes Baker & Company (2000-2022) and Carnegie Fund Distributors (2000). His credentials include the passage of eight securities industry qualifying examinations: the Securities Trader Exam, or Series 57TO; the Municipal Securities Representative Examination, or Series 52TO; the Limited Representative-Equity Trader Exam, or Series 55; the Municipal Securities Principal Examination, or Series 53; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, California, Florida, Indiana, Michigan, Minnesota, Missouri, New Hampshire, North Carolina, Ohio, Pennsylvania, and Texas. (Information current as of February 8, 2025.)

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