Kenneth H. South of Newport Beach California is a stockbroker currently registered with Oppenheimer & Co. Inc. who is the subject of a customer initiated investment related arbitration claim in which the customer requested over one hundred sixty-one thousand dollars in damages based upon allegations that between June 1 2015 and February 1 2017 the customer’s investment portfolio was churned and that unsuitable mutual fund transactions had been effected in the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-03014 (Nov. 15 2017).
FINRA Public Disclosure confirms that South has been identified in six additional customer initiated investment related disputes containing accusations of South’s misconduct during the time he was employed with Salomon Smith Barney, Citigroup Global Markets Inc. and Oppenheimer & Co. Inc. Particularly, on February 13, 2003, a customer filed an investment related written complaint pertaining to South’s conduct, in which the customer sought $120,000.00 in damages supported by allegations that South failed to abide by the customer’s instructions, and placed equity transactions that were not suitable in consideration of the customer’s stated tolerance for risk.
Thereafter, on August 11, 2004, a customer filed an investment related written complaint regarding South’s activities, alleging that misrepresentations had been made regarding the customer’s stock transactions. Moreover, on December 12, 2006, a customer filed an investment related written complaint involving South’s conduct, in which the customer requested $23,644.00 in damages founded on accusations that equity trades were executed in the customer’s account without the customer’s consent. Then, on August 18, 2008, a customer filed an investment related written complaint pertaining to South’s conduct, in which the customer sought $42,500.00 in damages based upon allegations that unsuitable auction rate securities had been sold to the customer.
On March 18, 2016, South was fired from previous employer, Smith Barney, supported by accusations that South mismarked order tickets as unsolicited when he actually placed transactions in customer accounts on a discretionary basis.
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