Kenneth Balser, formerly of Cetera Advisors and LPL Financial, Barred by FINRA
Have you lost money with financial advisor Kenneth Balser of Colorado Springs, Colorado? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Ken A. Balser. FINRA barred Balser after he failed to respond to an investigation regarding engaging in private securities transactions.
Kenneth Balser was a financial advisor and registered representative of Cetera Advisors from October 2013 to July 2016, and with LPL Financial from March 2012 to October 2013. He worked at a branch office in Colorado Springs, Colorado. Balser was also terminated by Cetera Advisors for the same allegations. Ken Balser also operated a company called Secure Wealth Management.
Brokerage firms like Cetera Advisors and LPL Financial 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 Colorado and throughout the Denver and Colorado Springs areas. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial.
Click to view: Balser, Ken FINRA AWC
Click to view: Balser, Ken BrokerCheck 12.20.16
IF YOU LOST MONEY WITH KENNETH BALSER, LPL FINANCIAL, OR CETERA ADVISORS, PLEASE CONTACT ISRAELS & NEUMAN AT (720) 599-3505 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.