Kenneth Balser—Private Securities Transactions
Kenneth 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 Jason Kane 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 Wolf Carr & Kane 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 Jason Kane 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 Wolf Carr & Kane 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 Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at firstname.lastname@example.org or email@example.com.