Kent Salcedo, formerly of BancWest Investment Services, Suspended by FINRA for Six Months
Have you lost money with representative Kent Salcedo of Honolulu, Hawaii? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Kent Salcedo. FINRA alleged that Salcedo forged signatures on a number of customer documents, including suitability forms, account update forms, and mutual fund acknowledgement forms, from December 2012 to July 2015. FINRA concluded its investigation, and Kent Salcedo consented to a six-month suspension from the securities industry and a deferred fine of $5,000, without admitting or denying FINRA’s findings.
Kent Salcedo was a financial advisor and registered representative of BancWest Investment Services from September 2011 to September 2015. He worked at a branch office in Honolulu, Hawaii.
Brokerage firms like BancWest Investment Services 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 Hawaii. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Salcedo FINRA AWC
Click to view: Salcedo BrokerCheck 3.23.16
If you lost money with Kent Salcedo or BancWest Investment Services, please CONTACT US at 206-795-5798 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.