Goodman & Nekvasil P.A, May Recover Investor Losses | Kenneth Enlo Crosser (Ken Crosser), Financial Advisor Barred from Securities Industry
From 2012 until 2013, Ken Crosser was licensed with Cambridge Investment Research, Inc. Ken Crosser was subsequently licensed with Girard Securities, Inc.
FINRA brought a disciplinary action against Ken Crosser in 2015. Ken Crosser consented to a bar from the securities industry. FINRA reports Ken Crosser consented to the entry of findings that Ken Crosser refused to appear for testimony requested by FINRA during the course of an investigation into allegations that Ken Crosser was involved in the sale of structured settlement cash flow instruments to investors without providing Ken Crosser’s member firm with prior written notice and receiving firm approval to engage in this activity.
FINRA also reports that The State of Iowa brought an enforcement action against Ken Crosser in 2014. Ken Crosser consented to a revocation and being prohibited from selling universal life products or annuities of any kind. The Securities Division of the State of Iowa alleged that Ken Crosser promoted and sold unregistered securities, alleged to have engaged in fraudulent, coercive, or dishonest practices in the business of insurance.
FINRA reports an arbitration claim/complaint was filed alleging sales practice violations against Ken Crosser. The claim alleged Ken Crosser misrepresented pension income stream transactions and that these transactions were unsuitable for her based on her investment need and objectives, and that Ken crosser failed to explain inherent risks of these transactions. The claim was settled for $120,000. Ken Crosser contributed $72,500 of the settlement.
If you lost any money on investments with Ken Crosser, you may be able to recover your losses from Cambridge Investment Research, Inc., Girard Securities, Inc. and/or Royal Alliance Associates, Inc. This is because Cambridge Investment Research, Inc., Girard Securities, Inc. and Royal Alliance Associates, Inc. had a duty to supervise Ken Crosser.
If you lost money on investments with Ken Crosser, and believe that 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 against Cambridge Investment Research, Inc., Girard Securities, Inc. and/or Royal Alliance Associates, Inc., concerning Ken Crosser’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.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on any investments with Ken Crosser 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.