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Kent Salcedo Suspended and fined by FINRA

Kent SalcedoFormer Hawaii-based Bancwest broker Kent Salcedo has been sanctioned by FINRA. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Salcedo (CRD# 5732061).

Kent Salcedo has spent four years in the securities industry and was most recently registered with Bancwest Investment Services in Honolulu, Hawaii (2011-2015). He was previously registered with NYLife Securities in Honolulu, Hawaii (2011). He is currently not registered with any state or firm.

According to his BrokerCheck report, Kent Salcedo is the subject of one regulatory sanction and was discharged from his position at Bancwest Investment Services.

In March 2016 FINRA sanctioned Kent Salcedo following allegations he engaged in “altering multiple documents by copying, cutting, and pasting at least five customers’ signatures on various forms and documents without the customers’ knowledge, authorization or consent.” According to FINRA, the documents in question included “account update forms, suitability forms, mutual fund acknowledgment forms, fund transfer forms, and product applications.” Mr. Salcedo was issued a 6-month suspension and a $5,000 fine.

In 2015 Kent Salcedo was discharged from Bancwest Investment Services following allegations he “acted in a manner inconsistent with firm policies and procedures by copying/pasting and altering client signatures on firms submitted for processing.”

If you or someone you know has a complaint regarding Kent Salcedo, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

This information based on publicly available documents provided by FINRA on March 23, 2016.