Charles Frederik Lek

03/22/2024: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. LEK SECURITIES CORP. (CRD No. 33135), and CHARLES FREDERIK LEK (CRD No. 4672129) Respondents. Disciplinary Proceeding No. 2021071137001 Hearing Officer–RES EXTENDED HEARING PANEL DECISION March 22, 2024 Respondent Lek Securities Corporation is fined $1,130,000 and expelled from FINRA membership for failure to comply with an Order Accepting Offer of Settlement by violating a business line suspension imposed in said Order, failure to comply with the Order by not implementing all the recommendations of an Independent Consultant, and making false representations to FINRA about its compliance with the Order. We impose the sanctions also for the firm’s failure to develop and implement a reasonable anti-money laundering supervisory program, failure to establish, maintain, and enforce a supervisory system reasonably designed to supervise the firm’s low-priced securities business line, and willful failure to c

09/09/2022: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. Lek Securities Corp. CRD No. 33135, and Charles Frederik Lek CRD No. 4672129, Respondents. Disciplinary Proceeding No. 2021071137001 Hearing Officer: COMPLAINT The Department of Enforcement (“Enforcement”) alleges: SUMMARY 1. Lek Securities Corporation (“LSC” or “the Firm”), acting through its Chief Executive Officer, Charles Frederik Lek (“Lek”), violated the terms of a December 2019 Order Accepting Offer of Settlement with FINRA (the “Order”).1 2. Contrary to the sanctions and undertakings contained in the Order, LSC (i) accepted for deposit and liquidated microcap securities during the pendency of a microcap business line suspension;2 (ii) knowingly failed to implement 18 of the 98 recommendations made by the Independent Consultant (“IC”) hired pursuant to the terms of the Order to assess and help the Firm improve its supervisory and anti-money laundering (“AML”) systems and procedures;

Reference 2021071137001data-portal.finra.orgfinra.orgdata-portal.finra.org