Goodman & Nekvasil P.A, May Recover Investor Losses – Kenneth Dominic Savino (Kenneth Savino) Suspended from Securities Industry and Fired by LPL Financial LLC
From 2010 until Kenneth Savino’s firing in 2015, Kenneth Savino was licensed with LPL Financial LLC. Kenneth Savino is now licensed with FSC Securities Corporation. According to FINRA’s records, Kenneth Savino was fired by LPL Financial LLC on October 20, 2015. LPL Financial LLC reported to FINRA that Kenneth Savino was fired after a firm review identified that Kenneth Savino, without firm pre-approval, made a loan to a company and in return received an interest payment and shares of that company, and made private securities transactions, and introduced a client to a potential outside investment opportunity that was not approved by the firm.
Subsequent to Kenneth Savino’s firing, FINRA brought a disciplinary action against Kenneth Savino. Kenneth Savino consented to a 15-business day suspension and a $5,000 monetary fine. FINRA reports that Kenneth Savino consented to the entry of findings that Kenneth Savino purchases shares of a security for $100,000 without prior notice to his member firm and inaccurately indicated on an annual compliance questionnaire that he had not participated in any private securities transactions.
If you lost any money on investments with Kenneth Savino, you may be able to recover your losses from LPL Financial LLC and/or FSC Securities Corporation. This is because LPL Financial LLC and FSC Securities Corporation had a duty to supervise Kenneth Savino.
If you lost money on investments with Kenneth Savino, 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 LPL Financial LLC and/or FSC Securities Corporation, concerning Kenneth Savino’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.
Our Firm has a unique, unparalleled track record. 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 $300 million on behalf of victimized investors. If you lost money on any investments with Kenneth Savino 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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