Barred from Finra for allegedly accepting loans from clients
If you’ve lost money investing with James Bylenga or LPL Financial, you may have a claim. Contact Sonn Law today by filling out our form to submit a confidential message, or call us anytime at 866–827–3202 to schedule a free consultation.
Former LPL Financial Broker James Bylenga (CRD#: 705143) has been barred from FINRA for allegedly accepting loans from clients.
According to Bylenga’s FINRA record, he has 38 years of experience with six firms, most recently with LPL Financial of Portage, MI (2016–2018); Comerica Securities of Kalamazoo, MI (2007–2009); and Robert W. Baird & Co, also of Kalamazoo.
Bylenga has three customer disputes in his FINRA record. In April 2019, Bylenga was barred from FINRA for failure to provide requested information.
While employed with LPL in 2018, a personal representative of a group of customers alleged that Bylenga had misappropriated investments as personal loans. Damages were requested in the amount of $175,000. The claim was settled for $210,000.
In November 1989, while employed with Centennial Securities of Grand Rapids, MI, Bylenga and the firm were jointly censured and fined for unfair and unreasonable trading.
Bylenga was involved similar customer dispute around the same time period also alleging unauthorized trades and unsuitability.
Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional or corporate executive misappropriated funds, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.