Ristvedt is accused of engaging in undisclosed and unapproved private securities transactions in the amount of $163,320.
The Sonn Law Group is investigating allegations that Lonna Rae Dehn Ristvedt engaged in unapproved, private securities transactions. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.
Lonna Rae Dehn Ristvedt (CRD#:2277778) was registered as a broker LPL Financial from 2017 until 2019. Previously, Ristvedt was registered as a broker with National Planning Corporation from 2010 until 2017.
Ristvedt has one disclosure on her BrokerCheck report.
October 2020 Regulatory Judgment
- Status: Final
- Initiated By: FINRA
- Allegations: Without admitting or denying the findings, Dehn Ristvedt consented to the sanctions and to the entry of findings that she engaged in undisclosed and unapproved private securities transactions in the total amount of $163,320. The findings stated that Dehn Ristvedt solicited investors to purchase securities in a company. The company represented itself as a structured cash flow investment, claiming to purchase pensions at a discount from pensioners and then selling a portion of those pensions as a pension stream to investors. Dehn Ristvedt received at least $5,457.66 in commissions in connection with these transactions. Dehn Ristvedt also incorrectly attested on an annual compliance questionnaire that she did not participate in private securities transactions. Later, the company ceased business, owing nearly $300 million in unpaid investor payments. In a March 12, 2019 indictment, the United States charged the company and its owner with conspiracy to engage in mail and wire fraud related to the company’s operations.
- Resolution: Acceptance, Waiver & Consent (AWC)
- Sanctions: Civil and Administrative Penalty(ies)/Fine(s)
- Amount: $5,000.00
- Sanctions: Suspension
- Registration Capacities Affected: All Capacities
- Duration: Four months
- Start Date: 10/19/2020
- End Date: 2/18/2021
Contact Us Today
The Sonn Law Group is currently investigating allegations that Lonna Rae Dehn Ristvedt engaged in unapproved, private securities transactions. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.
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