Kenton Christopher Crabb (Ken Crabb) – Financial Advisor/Broker Ken Crabb Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Ken Crabb was a registered financial advisor with Destiny Capital Securities Corporation from 2001 to 2018. According to FINRA, Ken Crabb was fined $5,000 and was suspended from the securities industry for six months in March 2020.
According to FINRA Allegations:
Ken Crabb consented to the sanctions and to the entry of findings that Ken Crabb willfully failed to amend or timely amend his Form U4 to disclose federal and state tax liens totaling nearly $1.7 million. The findings stated that the Internal Revenue Service (IRS) filed seven tax liens against Ken Crabb, and the State of Ohio filed four tax liens against Ken Crabb. Ken Crabb disclosed one federal lien approximately seven years after learning of the lien’s existence, one federal lien and three state liens approximately two years after learning of the liens’ existence, and two federal liens approximately one year after learning of the liens’ existence. For three federal liens and one state lien, totaling more than $1.1 million, Ken Crabb failed to make any disclosure at all. With respect to three of the liens that he untimely disclosed, Ken Crabb represented on his Form U4 that the liens were satisfied when they were not. The findings also stated that Ken Crabb falsely attested on his member firm’s annual compliance questionnaires that he did not have any unsatisfied judgments or liens.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Ken Crabb and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Ken Crabb’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Ken Crabb and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 3/6/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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