Steven Knowlton – Steven Michael Knowlton, Arbitration Claim Filed Against Financial Advisor | Goodman & Nekvasil P.A., May Recover Investor Losses
Steven Knowlton CRD #4527446
Steven Knowlton was licensed with IMS Securities, Inc. from 2002 to 2017. FINRA reports that an arbitration claim involving Steven Knowlton’s conduct with IMS Securities, Inc. was filed. This case did not settle and proceeded to final hearing. The arbitration panel found IMS Securities, Inc. and Steven Knowlton liable and ordered IMS Securities, Inc. and Steven Knowlton to pay the claimant, Rohn Bertoldi, compensatory damages. The arbitration panel found Steven Knowlton was negligent in violating FINRA Rule 2210 because the “Projections/Allocations” presented to Rohn Bertoldi should not have been given to him and were misleading. The arbitration panel found that these “Projections/Allocations” were a cause of Rohn Bertoldi buying the securities. The arbitration panel found that IMS Securities, Inc. failed to supervise and train Steven Knowlton, who was a broker with little experience when Steven Knowlton was hired.
FINRA also reports that 4 complaints and/or arbitration claims involving Steven Knowlton’s conduct with IMS Securities, Inc. were filed, alleging unsuitable recommendations, unsuitable investments, due diligence, fraud, negligence, misrepresentation, and/or potential loss in value of UIT’s. These complaints and/or arbitration claims all settled, with the largest settling for $87,640. Steven Knowlton paid the entirety of this settlement.
FINRA reports that 2 arbitration claims involving Steven Knowlton’s conduct with IMS Securities, Inc. were filed, alleging due diligence, unsuitable recommendations, fraud, breach of fiduciary duty, churning, misrepresentation, unsuitable investments, and/or negligence. These two pending arbitrations claims seek $500,000 and $100,000 in damages.
If you lost any money on investments with Steven Knowlton, you may be able to recover your losses from IMS Securities, Inc. This is because IMS Securities, Inc. had a duty to supervise Steven Knowlton.
If you lost money on investments with Steven Knowlton 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 IMS Securities, Inc. concerning Steven Knowlton’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 Steven Knowlton 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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