According to the Sacramento Business Journal, former financial adviser, Michelle Lee Kern pleaded guilty to fraud. Court documents indicated that between December 2009 and December 2012, Ms. Kern transferred money form client accounts in to her own personal accounts and even into accounts of her relatives.

According to Ms. Kern’s BrokerCheck report, on more than one occasion she was accused of transferring funds from clients to pay her personal credit card accounts. During the relevant time, Ms Kern was working at Ameriprise Financial Services, Inc.

The foregoing information, which is publicly available, has been provided by The White Law Group.

Our attorneys are dedicated to the representation of investors in claims against their financial adviser and brokerage firm. When brokers misappropriate funds and defraud clients, the brokerage firm that employs them may be liable for negligent supervision and responsible for investment losses. If you made investments with Michelle Lee Kern and would like to discuss your litigation options to recover your investment losses, please call The White Law Group at (312)238-9650 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

To learn more on The White Law Group, visit www.WhiteSecuritiesLaw.com.