Kenneth Paul Collins Jr of Tucson Arizona a stockbroker formerly registered with Union Capital Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Collins failed to provide FINRA with a response to its request for Collins’ information. Case No. 2016052044201 (June 20, 2017).
FINRA Public Disclosure reveals that Collins had been issued a Notice of Suspension from FINRA on March 17, 2017, and Collins was suspended on April 10, 2017. Collins was required by FINRA to either cooperate with its requests or provide FINRA a basis to terminate Collins’ suspension on other grounds. Either way, Collins’ response to FINRA was due by June 19, 2017. Collins reportedly failed to correspond with FINRA by the deadline, which resulted in him being automatically barred by FINRA on June 20, 2017.
FINRA Public Disclosure confirms that Collins has been identified in three customer initiated investment related disputes containing allegations of Collins’ misconduct. Specifically, on August 1, 2006, a customer filed an investment related complaint concerning Collins’ conduct where the customer sought $54,409.53 in damages based upon accusations that while Collins was associated with AIG Financial Advisors, Inc., Collins failed to apprise the customer about the premiums of an insurance policy that had been purchased by the customer.
Then, on January 5, 2007, a customer filed an investment related complaint involving Collins’ activities in which the customer requested unspecified damages supported by allegations that while Collins was associated with SunAmerica Securities, Inc., Collins omitted information regarding the surrender charges that the customer would bear in liquidating a variable annuity product. Moreover, a customer initiated investment related civil action involving Collins’ conduct was brought in the Circuit Court of West Virginia which was resolved for $26,500.00 in damages founded on accusations that Collins neglected to execute a transfer of the customer’s individual retirement account on a tax-free basis; the transaction caused the customer to incur an unwarranted tax liability. Civil Action No. 10-C-644 (July 23, 2011).
Collins’ registration with Union Capital Company has been terminated on November 14, 2016.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from across the United States. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or a no obligation evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
