Current Investigations

CMD Investigating Claims Against Broker Kelsey Marie Molyet and J.J.B. Hilliard, W.L. Lyons, LLC for Fraud

Carmel, Milazzo & DiChiara LLP (CMD) is investigating potential claims against securities broker Kelsey Marie Molyet (CRD #5695243, Indianapolis, Indiana) and J.J.B. Hilliard, W.L. Lyons, LLC, for fraud and failure to supervise.

In May, Kelsey Marie Molyet submitted an Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Ms. Molyet consented to the sanction and to the entry of findings that she falsified documents, including checks and account statements, and provided them to J.J.B. Hilliard, W.L. Lyons, LLC’s customers and their agents with the intent to deceive them about their account balances.

FINRA’s findings stated that Ms. Molyet made written misrepresentations to customers and their agents regarding the value of their accounts and the execution status of certain requested transactions. The findings also stated that Ms. Moyet impersonated a customer during telephone calls with third parties. FINRA’s findings also included that Ms. Molyet falsely asserted, in response to a FINRA information request, that she did not alter documents before sending them to customers and their agents.

If you or someone you know lost money investing with Kelsey Marie Molyet and/or J.J.B. Hilliard, W.L. Lyons, LLC, you may be entitled to recover your investment losses through FINRA arbitration.  CMD accepts cases on a contingency fee basis, which means we only get paid if you get paid.  Your time to file a claim may be limited, so contact us today at (212) 658-0458 or contact@cmdllp.com for a free and confidential case evaluation.

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