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Broker Misconduct Investigation: Lemuel Kornegay (Money Concepts Capital Corp)

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Updated on: January 7, 2025

National investment loss lawyers KlaymanToskes is investigating broker Lemuel Kornegay (CRD# 1488350) of Money Concepts Capital Corp.

According to FINRA BrokerCheck, Lemuel Kornegay of Money Concepts Capital Corp was previously involved in a customer complaint which alleged the customer was charged fees exceeding agreed-upon amounts. Although this dispute was closed, it is important to know that firms can close or deny disputes without an outside review. Investors may still pursue a FINRA arbitration claim to recover their investment losses by contacting KlaymanToskes

Investors that suffered losses with broker Lemuel Kornegay are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Lemuel Kornegay Hit With Customer Complaint

According to FINRA BrokerCheck, a customer has filed a complaint against Lemuel Kornegay, a financial advisor associated with Money Concepts Capital Corp, which alleged that he charged fees that exceeded the agreed-upon amount for services rendered. The customer additionally alleged that Kornegay was unresponsive to communications at times. The complaint was closed by the firm. 

Investment Losses with Broker Lemuel Kornegay?

Investment Losses with Broker Lemuel Kornegay?

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Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Lemuel Kornegay, or have concerns regarding your investment portfolio at Money Concepts Capital Corp, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.