Dainforth French; LM Kohn & Company; Troy, Michigan

Public records with the Financial Industry Regulatory Authority (FINRA) state that Troy, Michigan-based LM Kohn & Company broker Dainforth French has resolved or pending customer complaints within the industry. Dainforth French allegedly was liable as a control person for wrongdoing by a registered representative, failed to properly manage his accounts resulting in losses, misrepresented material facts, committed fraud, violated the Michigan Uniform Securities Act, breached fiduciary duty, and failed to reasonably supervise a representative. These are all against securities laws and internal firm rules. A brokerage firm such as LM Kohn & Company may be liable for investment losses on a contingency fee basis because the firm has a duty to reasonably supervise its representatives in order to make sure they do not violate securities laws. Investment losses may be recoverable in the FINRA arbitration forum on a contingency fee basis if a registered representative such as Mr. French violates those rules.
Dainforth French was previously registered with Raymond James in St. Petersburg, Florida from June 1998 until September 2000, Donnelly Penman & Partners in Grosse Pointe, Michigan from January 2001 until October 2004, and Leonard & Company in Troy, Michigan from October 2004 until September 2012. He is currently registered with L.M. Kohn & Company in Troy, and has been since September 2012. He has four customer disputes against him, two of which are currently pending, and four financial matters, one of which is pending. This is according to his public, online FINRA BrokerCheck report.