Kenneth James New of Merritt Island, Florida, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $393,000.00 in damages based upon allegations that New made unsuitable recommendations of alternative investments when New was registered with Center Street Securities Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-01620 (September 19, 2022).
This is not the first time that New has been referenced in a customer initiated investment related dispute concerning New’s conduct in the securities industry. FINRA Public Disclosure shows that New is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that New made unsuitable recommendations of GWG L Bonds. FINRA Arbitration No. 22-01258 (June 8, 2022).
New has been registered with Arete Wealth Management LLC as a stockbroker since June 14, 2013. He has also been registered with Center Street Securities Inc. as a stockbroker since February 7, 2017, and registered with Center Street Advisors Inc. as an investment advisor representative since November 28, 2017.
