Kenneth Balser—Private Securities Transactions

Rochester stockbroker fraud attorneyKenneth Alan Balser Allegedly Engaged in Private Securities Transactions while Registered at Cetera Advisors LLC

Kenneth Balser allegedly engaged in private securities transactions while registered at Cetera Advisors LLC, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Kenneth Balser, who entered the securities industry in September 1999, was also purportedly terminated by Cetera Advisors LLC on July 21, 2016, the aforementioned AWC notes.

FINRA first initiated its investigation into Kenneth Balser on November 10, 2016 regarding the aforementioned allegations, the AWC reports.

Then on November, 14 2016 FINRA made requests that Balser, pursuant to FINRA Rules, provide testimony on or before November 21, 2016, the AWC states.

The Peiffer Rosca Wolf securities lawyers are currently investigating Kenneth Balser’s alleged private securities transactions.

Kenneth Alan Balser Barred by FINRA; Balser Allegedly Refused to Respond to FINRA’s Request for Documents and Information and to Appear for On-the-record Testimony

Kenneth Balser, on November 28, 2016, allegedly stated in an e-mail to FINRA staff that he received FINRA requests to produce information and on-the-record testimony, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) presently being examined by attorneys Alan Rosca and James Booker.

Kenneth Balser subsequently allegedly refused to produce the information requested or to appear for his on-the-record testimony at any time, the AWC notes.

As a result of the aforementioned behavior, Balser allegedly violated FINRA Rules, the AWC reports.

Hence, Balser has been barred by FINRA from associating with any FlNRA member in any capacity, the AWC states.

It is also noteworthy that Balser reportedly became registered with a FINRA member firm as a General Securities Representative in November 1999 and remained associated with this FINRA member firm until May 2003, the AWC reports.

What is more, between May 2003 and October 2013, Balser was allegedly registered with three other FINRA member firms before joining Cetera Advisors LLC as a General Securities Rep and a General Securities Principal in October 2013, the AWC notes.

Finally, the AWC further notes that Balser is not currently associated with a FINRA member firm, but remains subject to FINRA’s jurisdiction pursuant to FINRA’s By-Laws.

One should also note that, according to the AWC, Kenneth Balser neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of unsuitable recommendations and are currently investigating Kenneth Balser’s alleged private securities transactions. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Kenneth Balser’s alleged private securities transactions may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1123 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.