Tag Archives: Kestra Investment Services LLC

Kestra Stockbroker Barred In Forgery Investigation

August 27, 2020  |   Posted by :   |   Forgery   |   Comments Off on Kestra Stockbroker Barred In Forgery Investigation

Charles Matthew Wernig III (also known as Chip Wernig) a stockbroker formerly registered with Kestra Investment Services LLC has been barred on August 5, 2019 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Wernig neglected to provide a response to FINRA after a request for his […]

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Kestra Stockbroker Barred For Failure to Pay Employer Arbitration AwardFINRA

May 13, 2020  |   Posted by :   |   Securities Arbitration Claims   |   Comments Off on Kestra Stockbroker Barred For Failure to Pay Employer Arbitration AwardFINRA

Donald George Padilla of Alhambra California a stockbroker formerly registered with Kestra Investment Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to comply with an Arbitration Award or otherwise respond to a FINRA request concerning his compliance with that […]

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FINRA Bars Kestra Stockbroker In Investigation

March 26, 2020  |   Posted by :   |   Unauthorized Trading   |   Comments Off on FINRA Bars Kestra Stockbroker In Investigation

James Blake Daughtry of Dothan Alabama a stockbroker formerly registered with Kestra Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with a FINRA investigation into allegations of his possible unauthorized transactions and fraudulent activities in […]

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Kestra Sanctioned For Violating Heightened Supervision Of Broker With 30 Complaints

January 22, 2020  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   0 Comments

Tom Abel Puentes of Camarillo California a stockbroker formerly associated with Kestra Investment Services LLC has been fined $12,500.00 supported by allegations that (1) the stockbroker failed to comply with a heightened supervision plan implemented because of his misconduct in the securities industry and (2) Puentes failed to report customer complaints concerning transactions he effected […]

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FINRA Sanctions Kestra Stockbroker For Outside Activities

Michael Thomas Lee of Darien Connecticut a stockbroker formerly registered with Kestra Investment Services LLC has been fined $12,500.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that (1) Lee participated in the Origin Fund as an outside business activity without disclosing […]

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Kestra Stockbroker Barred In Investigation

Jeffrey Alan Blutstein of Holbrook New York a stockbroker formerly employed by Kestra Investment Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Blutstein neglected to cooperate with a FINRA investigation into accusations of Blutstein engaging in outside business activities that he […]

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Kestra Terminates Stockbroker For Hiding Customer Complaint

Tom Abel Puentes of Woodland Hills California a stockbroker formerly associated with Kestra Investment Services has been terminated on May 7, 2018 based upon accusations that Puentes possibly failed to conform to Kestra Investment Services LLC policies by concealing that at least one customer complained about his activities. This is not the first time that […]

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FINRA Bars Kestra Broker In Settling Away Investigation

John William Spach of Aliso Viejo California a stockbroker formerly employed by Kestra Investment Services LLC and investment advisory representative formerly associated with NFP Retirement Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Spach failed to cooperate with a FINRA investigation into […]

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FINRA Fines Kestra For Overcharging Customers

February 19, 2019  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   0 Comments

Kestra Investment Services LLC a brokerage firm headquartered in Austin Texas has been censured and fined $225,000.00 by Financial Industry Regulatory Authority (FINRA) founded on allegations that the firm overcharged customers on mutual fund purchases. Letter of Acceptance Waiver and Consent No. 2016048404601 (Feb. 13, 2019). According to the AWC, from July 1, 2009 to […]

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Kestra Accused By Customer Of Inappropriate REIT Sales

July 31, 2018  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs   |   0 Comments

Paul Robert Volpe of Westport Connecticut a stockbroker formerly registered with Kestra Investment Services LLC is the subject of a customer initiated investment related written complaint on June 27, 2016 in which the customer requested $27,332.00 in damages based upon allegations of sales practice violations pertaining to a real estate investment trust sold to the […]

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Regulator Sanctions Kestra Broker For Customer Loans

July 16, 2018  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   0 Comments

Gregory Richard Acosta of Diamond Bar California a stockbroker currently employed by Kestra Investment Services LLC has been sanctioned by the State of California Department of Insurance according to a Stipulation and Consent Order supported by allegations that Acosta entered into unapproved customer loan arrangements and improperly designated himself as the owner and beneficiary of […]

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Kestra Investment Services Unsuitable REIT Sales

May 29, 2018  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs   |   0 Comments

Christopher James Bradshaw of Kings Park New York a stockbroker currently employed by Kestra Investment Services LLC is referenced in a customer initiated investment related written complaint on March 9, 2018 where the customer alleged suitability and unauthorized trading concerning the customer’s real estate security and mutual fund holdings. Apparently, the customer was placed into […]

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Raymond James Sued For Breach of Fiduciary Duty

August 31, 2017  |   Posted by :   |   Breach of Fiduciary Duty   |   0 Comments

Jerry Wayne Devins, of Louisville, Kentucky, a stockbroker formerly registered with Raymond James Financial Services Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer was awarded $500,000.00 in damages on March 30, 2017, based upon allegations that Devins breached his fiduciary duties to the customer. Financial Industry Regulatory […]

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Kestra Investment Services Sued For Unsuitability

Christopher Paul Scalese, of Dunmore, Pennsylvania, a stockbroker associated with Kestra Investment Services, LLC, has been named in a customer initiated investment related arbitration claim on January 10, 2017, in which the customer requested $1,326,000.00 in damages based upon allegations that Scalese made misrepresentations and unsuitable recommendations to the customer, and effected unsuitable real estate […]

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Wells Fargo Advisors Sued for Failure To Disclose Commissions

Chadwick C. Collins, of Carlsbad, California, a stockbroker formerly registered with Wells Fargo Advisors, LLC, has been named in a customer initiated investment related arbitration claim, which settled on April 18, 2016, for $86,559.31 in damages based upon allegations that Collins, from December of 2015 to March of 2016, failed to disclose commissions charged to […]

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