Kenneth Crosser, Royal Alliance Associates
Have you lost money with financial advisor Kenneth Crosser of Ottumwa, Iowa? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Kenneth Crosser. FINRA barred Crosser from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Crosser regarding allegations that he sold structured settlement cash flow instruments to investors.
Kenneth Crosser was a financial advisor and registered representative of Cambridge Investment Research from February 2012 to June 2013. He was also an advisor with Royal Alliance Associates from February 2010 to February 2012, and with Girard Securities from June 2013 to October 2013. He worked at branch offices in Ottumwa, Iowa. Crosser also had his insurance producer license revoked by the Iowa Insurance Commission for selling unregistered securities.
Brokerage firms like Royal Alliance Associates have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Iowa. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including AXA Advisors, LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
If you lost money with Kenneth Crosser or Royal Alliance Associates, please Contact Us at 720-599-3505 for a free evaluation of your case.
Click to view: Crosser FINRA AWC
Click to view: Crosser BrokerCheck 8.20.15