Ken Alan Balser (Ken Balser) Barred from the Securities Industry and Fired by Cetera Advisors LLC – Goodman & Nekvasil P.A, May Recover Investor Losses

Goodman & Nekvasil P.A, May Recover Investor Losses – Ken Alan Balser (Ken Balser) Barred from the Securities Industry and Fired by Cetera Advisors LLC

From 2013 until Ken Balser’s firing in 2016, Ken Balser was licensed with Cetera Advisors LLC. Ken Balser previously licensed with LPL Financial LLC. According to FINRA’s records, Ken Balser was fired by Cetera Advisors LLC on July 18, 2016. Cetera Advisors LLC reported to FINRA that Ken Balser was fired after being accused of engaging in private securities transactions in violation of firm policy.

According to FINRA records, the Colorado Division of Securities filed an enforcement action against Ken Balser and revoked Ken Balser’s investment adviser and sales representative licenses. The Colorado Division of Securities found that Ken Balser solicited clients to invest a total of $1,491,600 in Tesoro Del Alma, Inc. (Gold Mine) without disclosing his activities to his firm.

Subsequent to Ken Balser’s firing, FINRA also brought a disciplinary action against Ken Balser. Ken Balser consented to a bar from the securities industry. FINRA reports that Ken Balser consented to the entry of findings that Ken Balser refused to appear for testimony and provide documents and information requested by FINRA during the course of an investigation into allegations that Ken Balser engaged in private securities transactions in violation of Ken Balser’s member firm’s policy.

If you lost any money on investments with Ken Balser, including investments in Tesoro Del Alma, Inc., you may be able to recover your losses from Cetera Advisors LLC and/or LPL Financial LLC. This is because Cetera Advisors LLC and LPL Financial LLC had a duty to supervise Ken Balser.

If you lost money on investments with Ken Balser, including investments in Tesoro Del Alma, Inc., 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 Cetera Advisors LLC and/or LPL Financial LLC concerning Ken Balser’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 any investments with Ken Balser, including investments in Tesoro Del Alma, Inc., 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.   

 

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