Kenneth John Saunders, of Coral Springs, Florida, a stockbroker formerly registered with Investors Capital Corp., has been named in a customer initiated investment related arbitration action on March 11, 2016, in which the customer requested $150,000.00 in damages based upon allegations that Saunders made misrepresentations to the customer concerning investments, and effected unsuitable investments in the customer’s account.
FINRA Public Disclosure reveals that Saunders has been identified in five other customer arbitrations. Particularly, on March 9, 2000, a customer initiated investment related arbitration action regarding Saunders’ conduct was resolved for $377,923.00 in damages based upon allegations that Saunders made investment recommendations pertaining to investments which were not registered.
Additionally, on March 13, 2000, a customer initiated investment related arbitration action involving Saunders’ activities was settled for $305,598.00 in damages based upon allegations that Saunders improperly and illegally recommended unregistered investment products. On June 14, 2001, another customer initiated investment related arbitration claim involving Saunders’ conduct was settled for $465,051.00 in damages based upon allegations that Saunders effected sales of investments which were not registered.
Further, on May 3, 2002, a customer initiated investment related arbitration claim regarding Saunders’ activities was resolved for $200,000.00 in damages based upon allegations that unregistered promissory notes had been sold by Saunders to the customer while Saunders was associated with Investors Capital Corp. On February 13, 2014, another customer initiated investment related arbitration action regarding Saunders’ conduct was settled for $25,000.00 in damages based upon allegations that Saunders effected unsuitable transactions in the customer’s account.
Saunders’ registration with Investor Capital Corp. was terminated on November 5, 2013. Since October 31, 2013, Saunders has been associated with National Planning Corporation.
Guiliano Law Group
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