Last Updated: February 2025 (Rocky River, OH)
National securities fraud lawyers at Patil Law P.C. are investigating current L.M. Kohn & Company broker Kenneth H. Nahrstedt (CRD #2096953) regarding allegations of submitting false attestations and facilitating an unauthorized $500,000 wire transfer. The investigation stems from a recent FINRA enforcement action resulting in suspension and fines.
Critical Insights About Rocky River Financial Advisor Kenneth Nahrstedt
- Advisor Name: Kenneth H. Nahrstedt
- CRD: 2096953
- Location: Rocky River, OH
- Current Employer: L.M. Kohn & Company
- Classification: Registered Representative & Investment Adviser Representative
- Primary Location: Rocky River, OH
- Can Kenneth Nahrstedt be sued in FINRA arbitration: Yes
- Regulatory Actions: One FINRA disciplinary action
- Current Registrations: Licensed in 12 states
- Years of Experience: Since 2000
- Previous Employer: Baker & Co., Incorporated (2000-2022)
- Professional Qualifications: Series 7, 53, 66 licenses
- Business Name:M. Kohn & Company
- Current Status: Suspended (February 18, 2025 – April 17, 2025)
Details Of Current Investigation FINRA’s enforcement action from January 2025 found that:
- False attestation on wire transfer documentation
- Unauthorized $500,000 wire transfer to Mexico
- Failure to speak with customer before processing transfer
- Violation of firm policies and procedures
- Enabling of fraudulent impersonation scheme
- Compromising of customer account security
- Failure to follow proper verification protocols
Analysis Of Alleged Misconduct The allegations raise serious concerns about:
- Client fund security
- Wire transfer verification procedures
- Documentation authenticity
- Customer identity verification
- Compliance with firm policies
- Due diligence practices
- Protection of client assets
Regulatory Framework And Investor Protection FINRA Rule 4511 Requirements:
- Accurate books and records
- Proper documentation maintenance
- Authentic signatures
- Truthful attestations
- Accurate transaction records
- Client authorization verification
Professional Background Mr. Nahrstedt’s career includes:
- Entry into securities industry in 2000
- Over 22-year tenure at Baker & Co.
- Current position at L.M. Kohn & Company since 2022
- Municipal Securities Principal qualification
- Multiple state licenses
- Investment adviser registration
Red Flags For Investors
- Recent FINRA disciplinary action
- False attestation finding
- Unauthorized wire transfer
- Documentation issues
- Verification failures
- Client security breaches
- Policy violations
- Supervisory concerns
Implications For Current And Former Clients Current and former clients should:
- Review all account documentation
- Verify transaction authorizations
- Examine wire transfer records
- Check signature authenticity
- Monitor account activity
- Document communications
- Verify identity protection measures
- Review account security protocols
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have concerns about unauthorized transactions or suspicious account activity handled by Mr. Nahrstedt, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
