Goodman and Nekvasil May Recover Investor Losses | Kenneth James Daley (Kenneth Daley) Barred by FINRA
Kenneth Daley was licensed with Merrill Lynch from 2007 to 2016. FINRA reports that Kenneth Daley, was barred from the securities industry on June 27, 2016.
FINRA reports that Kenneth Daley consented to the sanctions and entry of findings that he concealed his improper receipt of funds from a customer that were paid in connection with purported profits in an account of his member firm. FINRA found that the customer gave Kenneth Daley $29,000 in total.
Merrill Lynch reported to FINRA that Kenneth Daley resigned on June 10, 2016. Merrill Lynch reported to FINRA that Kenneth Daley allegedly improperly received money from a client via checks written from an outside account.
Merrill Lynch, Pierce, Fenner & Smith reported a FINRA arbitration claim was filed involving Kenneth Daley’s conduct with Merrill Lynch alleging unauthorized trading, unsuitable investment recommendations, selling away from the firm, misappropriation and misrepresentation. This arbitration claim settled for $500,000.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.
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. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
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. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment with Kenneth James Daley, you may be able to recover your losses from Merrill Lynch, Pierce, Fenner & Smith Inc. This is because Merrill Lynch, Pierce, Fenner & Smith Inc., had a duty to supervise Kenneth James Daley. If you 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.