Charles Ernest Kenahan of Boston Massachusetts a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim in which the customer sought $700,000.00 in damages based upon accusations that stock trades were effected in the customer’s account on an excessive basis and unsuitable equity recommendations had been made to the customer between 2012 and 2017. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01691 (May 3, 2018).
FINRA Public Disclosure confirms that Kenahan is referenced in two more customer initiated investment related disputes pertaining to allegations of Kenahan’s wrongdoing while employed by Merrill Lynch. Particularly, on February 2, 2018, a customer filed an investment related complaint regarding Kenahan’s activities where the customer alleged that between December of 2007 and February of 2018, trades were executed in the customer’s investment account on an excessive and unsuitable basis.
Then, a customer filed an investment related arbitration claim involving Kenahan’s conduct in which the customer alleged that investment recommendations had been made to the customer which were not suitable; trades were effected on an excessive basis; and misrepresentations were made to the customer concerning the customer’s penny stock and equity holdings between February of 2012 and December of 2017. FINRA Arbitration No. 18-00974 (Mar. 12, 2018).
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