Goodman & Nekvasil P.A., May Recover Investor Losses – Kenneth Joseph Kolquist (Kenneth Kolquist) Fired by Cetera Advisor Networks LLC
From 2009 until Kenneth Kolquist’s firing in 2015, Kenneth Kolquist was licensed with Cetera Advisor Networks LLC. According to FINRA’s records, Kenneth Kolquist was fired by Cetera Advisor Networks LLC on October 21, 2015. Cetera Advisor Networks LLC reported to FINRA that Kenneth Kolquist was fired for violation of Cetera Advisor Networks LLC policy including Kenneth Kolquist’s failure to disclose liens, Kenneth Kolquist’s failure to forward a client complaint and Kenneth Kolquist’s failure to timely forward client checks.
Following Kenneth Kolquist’s discharge by Cetera Advisor Networks LLC, FINRA investigated Kenneth Kolquist and brought a disciplinary action against Kenneth Kolquist. Kenneth Kolquist was permanently barred from the securities and investment banking industry on August 1, 2016. Kenneth Kolquist failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, Kenneth Kolquist was automatically barred from association with any FINRA member in any capacity. FINRA reports that Kenneth Kolquist had previously been suspended for failing to respond to a FINRA request for information. Kenneth Kolquist is appealing the permanent bar.
FINRA reports that two complaints were filed alleging gross negligence, breach of fiduciary duty, fraudulent non-disclosure, fraud, violations of MN securities laws, and/or failure to timely submit checks and paperwork. These claims involving Kenneth Kolquist’s conduct with Cetera Advisor Networks LLC were both settled.
If you lost any money on investments with Kenneth Kolquist while Kenneth Kolquist was employed with Cetera Advisor Networks LLC, you may be able to recover your losses from Cetera Advisor Networks LLC. This is because Cetera Advisor Networks LLC had a duty to supervise Kenneth Kolquist.
If you lost money on investments with Kenneth Kolquist 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 against Cetera Advisor Networks LLC concerning Kenneth Kolquist’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 $170 million on behalf of victimized investors. If you lost money on investments with Kenneth Kolquist 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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