Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on May 15, 2019 indicate that former Michigan-based LPL Financial broker/adviser James Bylenga has been sanctioned by FINRA in connection to alleged rule violations and barred from acting as a broker or otherwise associating with a broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Bylenga (CRD# 705143).
James Bylenga has spent 38 years in the securities industry and was most recently registered with LPL Financial in Portage, Michigan (2016-2018). Previous registrations include Comerica Securities in Kalamazoo, Michigan (2009-2016); Robert W. Baird & Company in Kalamazoo, Michigan (2007-2009); Citigroup Global Markets in Kalamazoo, Michigan (1993-2007); Lehman Brothers in New York, New York (1991-1993); and Centennial Securities in Grand Rapids, Michigan (1980-1991).He has passed nine securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on January 26, 1995; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 23, 1980; SIE (Securities Industry Essentials Examination), which he obtained on August 23, 2018; Series 3 (National Commodity Futures Examination), which he obtained on January 25, 1994; Series 7 (General Securities Representative Examination), which he obtained on February 16, 1980; Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on August 27, 1994; Series 53 (Municipal Securities Principal Examination), which he obtained on October 19, 1984; Series 27 (Financial and Operations Principal Examination), which he obtained on May 1, 1981; and Series 24 (General Securities Principal Examination), which he obtained on November 25, 1980. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one FINRA sanction and one customer complaint.
In May 2019 FINRA sanctioned him in connection to allegations he refused to provide requested documents and information in connection with an investigation that followed his former firm’s disclosure that it had commenced a review to determine if he took loans from clients while he was registered with the firm. He was barred from acting as a broker or otherwise associating with a broker-dealer firm.
In 2018 a party of customers alleged James Bylenga, while employed at LPL Financial, inappropriately received their funds as loans. The complaint settled for $210,000.
If you or someone you know has lost money investing with James Bylenga, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.