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Kenneth McDonald (Crown Capital Securities): TIC Complaints

shutterstock_45011008California-based Western International Securities broker Kenneth McDonald is the subject of several customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. McDonald (CRD# 816699).

Kenneth McDonald has spent 27 years in the securities industry and has been registered with the following firms: Western International Securities in Westlake Village, California since August 2015. Previous registrations include Newport Coast Securities in New York, New York; Crown Capital Securities in Rancho Mirage, California; Girard Securities in San Diego, California; Pacific West Securities in Renton, Washington; Sentra Securities in Phoenix, Arizona; United Pacific Securities in Carlsbad, California; NIF Securities in Newport Beach, California; Shearson/American Express; Drexel Burnham Lambert; Wedbush Noble Cooke; Paine Webber Jackson & Curtis; Blythe Eastman Dillon & Company; and Bateman Eichler Hill Richards. He is a registered broker with five US states: California, Nevada, Oklahoma, Texas, and Washington.

According to his BrokerCheck report, Kenneth McDonald is the subject of three customer complaints and one regulatory sanction.

In 2014 a customer alleged Kenneth McDonald, while employed at Crown Capital Securities, misrepresented material facts related to an investment, failed to supervise, failed to conduct due diligence, acted negligently, and recommended two unsuitable tenant-in-common investments. The complaint settled in July 2015 for $400,000.

In 2011 a customer alleged Kenneth McDonald, while employed at Crown Capital Securities, misrepresented and omitted material facts related to an investment, and recommended an unsuitable tenant-in-common investment. The complaint settled in 2013 for $132,500.

In 2002 a customer alleged Kenneth McDonald, while employed at Sentra Securities Corporation, recommended unsuitable investments. The complaint settled in 2003 for $60,000.

In 1983 the New York Stock Exchange sanctioned Kenneth McDonald following allegations he made trading violations. He was barred from the NYSE for five years.

If you have suffered losses while investing with Kenneth McDonald, you may be entitled to a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

This information is based on publically available records provided by FINRA on March 4, 2016.