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Broker Spotlight: Merrill Lynch’s Kenneth Snyder

Kenneth Snyder Minnesota-based Wells Fargo broker/adviser Kenneth Snyder is the subject of regulatory sanctions. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Snyder (CRD# 723470).

Kenneth Snyder has spent 35 years in the securities industry and has been registered with Wells Fargo Advisors Financial Network in Alexandria, Minnesota since 2012. Previous registrations include Merrill Lynch in Alexandria, Virginia (1995-2012); Edward Jones & Company in St. Louis, Missouri (1984-1995); and State Bond Sales Corporation (1981-1984). He is a registered broker and investment adviser with seventeen states and territories; Arizona, California, Colorado, Florida, Illinois, Iowa, Michigan, Minnesota, New York, North Carolina, North Dakota, Oregon, Pennsylvania, South Dakota, Texas, Washington, and Wisconsin.

According to his BrokerCheck report, Kenneth Snyder is the subject of two regulatory sanctions and one pending customer complaint.

In 2013 a customer alleged Kenneth Snyder, while employed at Merrill Lynch, misrepresented and omitted material facts, and made an unsuitable investment recommendation. The customer is seeking unspecified damages in the pending complaint.

In 2011 the Minnesota Department of Commerce sanctioned Kenneth Snyder following allegations he claimed credit for continuing education hours “that were not actually completed.” He was issued a fine of $3,500.

In 1983 the State of Minnesota sanctioned Kenneth Snyder following allegations he sold unregistered promissory notes. He was issued a cease-and-desist order.

If you have complaints regarding or have lost money investing with Kenneth Snyder, you may be entitled to recoup your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

This information provided by FINRA on March 30, 2016.