Timothy Trevor Kenska of Encinitas California a stockbroker currently registered with Citigroup Global Markets Inc. is the subject of a customer initiated investment related arbitration claim which was settled to resolve accusations of bad mutual fund trades being effected in the customer’s account between 2015 and 2017. Financial Industry Regulatory Authority (FINRA) Arbitration No. FINRA Arbitration No. 18-00209 (June 11, 2018).
FINRA Public Disclosure confirms that Kenska has been identified in five additional customer initiated investment related disputes containing allegations of his violative conduct while employed by securities broker dealers including Citigroup Global Markets Inc. Specifically, a customer filed an investment related complaint concerning Kenska’s conduct where the customer sought more than $5,000.00 in damages based upon accusations that the customer was sold exchange traded funds and mutual fund investments without being notified beforehand; and the customer was charged excessive fees on investments held in the customer’s account.
Subsequently, a customer initiated investment related arbitration claim in regard to Kenska’s conduct was settled to resolve allegations that the customer had been provided faulty information concerning the safety of an investment which, after being purchased, declined considerably in value. Thereafter, a customer filed an investment related complaint regarding Kenska’s activities in which the customer requested unspecified damages supported by accusations that the customer’s instructions had been disregarded concerning the sale of municipal bonds; unauthorized trades were executed in the customer’s account; and municipal bond transactions were in no way suitable for the customer.
Moreover, Kenska is referenced in a customer initiated investment related complaint on May 8, 2017 where the customer sought more than $5,000.00 in damages founded on allegations that despite the customer having a conservative-to-moderate risk tolerance, his retirement account had been allocated entirely in EURO STOXX 50 Index – a speculative and unsuitable investment.
Also, on December 21, 2017, a customer initiated investment related complaint involving Kenska’s activities was settled for $77,388.00 in damages based upon accusations that between January 2013 and January of 2017, bad investment advice was provided to the customer concerning speculative energy sector investments; and fiduciary duties had been breached via Kenska instructing the customer to liquidate the customer’s annuities.
Kenska has been registered with Citigroup Global Markets Inc. since May 29, 2007.
