INVESTORS: Center Street Securities broker Kenneth James New is facing a pending customer dispute alleging unsuitable investment recommendations.
Kenneth James New (CRD: 2836918) is registered as a broker and investment adviser with Center Street Securities, where he’s been employed since 2017. New was previously registered as a broker with Pinnacle Financial Wealth Management from 2015 to 2017.
New has three disclosures on his BrokerCheck report.
September 2022 Customer Dispute
Allegations: Client alleges the registered representative recommended unsuitable investments.
Damage Amount Requested: $393,000.00
June 2022 Customer Dispute
Allegations: Client alleges the registered representative recommended an unsuitable investment.
Damage Amount Requested: $50,000.00
February 2013 Regulatory Judgment
Initiated By: Florida Department of Financial Services
Allegations: Distributed gift cards having a value over $25.00 in violation of FL insurance regulations.
Resolution: Acceptance, Waiver & Consent (AWC)
Sanctions: Cease and Desist
Sanctions: Civil and Administrative Penalty(ies)/Fine(s)
Sanctions: 1 Year Probation
Broker Comment: The offer of a $100 gift card was for a no obligation review appointment in my office. My broker/dealer had knowledge and the marketing companies that introduced the program were encouraging the use of the program as a replacement to public seminars.
The Sonn Law Group is currently investigating allegations surrounding Kenneth James New. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.