Advisor Alert: Our Attorneys Are Investigating Raymond Lawrence Lent For Investment Fraud
Did You Lose Money Because of Raymond Lent?
Filed: March 12, 2024
Raymond Lent (also known as Ray Lent) currently has five (5) pending customer complaints. Overall, he has been the subject of six (6) customer complaints and one (1) regulatory event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Raymond Lawrence Lent.
Who Is Raymond Lawrence Lent of Portsmouth Financial Services?
- Advisor Name: Raymond Lawrence Lent
- Aliases: Ray Lent
- CRD: 817645
- Location: San Rafael, California
- Current Employer: Portsmouth Financial Services
- Previous Firms: McClurg Capital Corporation, Park Avenue Securities LLC, and Guardian Investor Services Corporation
- Number of Known Customer Complaints: 6
- Number of Known Regulatory Events: 1
- Can Raymond Lent Be Sued: Yes, in Private Arbitration
- Can Raymond Lent’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $300,000
- Highest Settlement: $23,000
If you have suffered investment losses by Raymond Lent, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Raymond Lent For Broker Misconduct
As of this publication date, Raymond Lent has been the subject of 6 customer disputes and 1 regulatory event. Let’s review them below.
In April 2023, a FINRA arbitration was filed against or in reference to Raymond Lent by a customer of Portsmouth Financial Services alleging negligence, breach of fiduciary duty and contract, and misrepresentation. Per the customer, he/she lost over $300,000 because of Mr. Lent’s actions. As of this publication date, this claim remains pending.
In March 2023, a FINRA arbitration was filed against or in reference to Raymond Lent by a customer of Portsmouth Financial Services alleging failure to conduct reasonable due diligence, lack of disclosure, and overconcentration. As of this publication date, this claim remains pending.
In February 2023, a FINRA arbitration was filed against or in reference to Raymond Lent by a customer of Portsmouth Financial Services alleging improper recommendation, failure to conduct reasonable due diligence. As of this publication date, this claim remains pending.
In February 2023, a FINRA arbitration was filed against or in reference to Raymond Lent by a customer of Portsmouth Financial Services alleging misrepresentation, failure to conduct reasonable due diligence, and lack of disclosure. As of this publication date, this claim remains pending.
In February 2023, a FINRA arbitration was filed against or in reference to Raymond Lent by a customer of Portsmouth Financial Services alleging misrepresentation and failure to conduct reasonable due diligence. As of this publication date, this claim remains pending.
In March 2019, United States Securities and Exchange Commission initiated a regulatory action against or in reference to Raymond Lent for alleged breaches of fiduciary duty and inadequate disclosures by registered investment adviser Raymond Lawrence Lent (dba The Putney Financial Group, Registered Investment Advisors) in connection with its mutual fund share class selection practices and the fees its affiliated broker and/or associated persons received pursuant to Rule 12b-1 under the Investment Company Act of 1940 (“12b-1 fees”).
In September 2010, a FINRA arbitration was filed against or in reference to Raymond Lent by a customer of McClurg Capital Corporation alleging product unsuitability. Per the customer, he/she lost over $390,000 because of Mr. Lent’s actions. An arbitration panel found that Raymond Lent was negligent and awarded $23,000 in favor of the customers.
How To File A Claim Against Raymond Lent of Portsmouth Financial Services (previously with McClurg Capital Corporation, Park Avenue Securities LLC, and Guardian Investor Services Corporation) To Get Your Money Back
If you have questions about Raymond Lent, Portsmouth Financial Services, McClurg Capital Corporation, Park Avenue Securities LLC, Guardian Investor Services Corporation, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.