Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on July 25, 2016 indicate that Rhode Island-based Janney Montgomery Scott broker/adviser Barbara Kenerson has been named in a pending customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Kenerson (CRD# 1060984).
Barbara Kenerson has spent 33 years in the securities industry and has been registered with Janney Montgomery Scott in Providence, Rhode Island since 1999. Previous registrations include PaineWebber in Weehawken, New Jersey (1990-1999) and Tucker Anthony in Boston, Massachusetts (1982-1990). She is a registered broker and investment adviser with 18 US states and territories: Alabama, Arkansas, California, Connecticut, Florida, Georgia, Indiana, Kentucky, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas, and West Virginia.
According to her BrokerCheck report, Barbara Kenerson has received one customer complaint and one pending customer complaint, and was discharged from her position at PaineWebber.
In December 2015, a customer alleged Barbara Kenerson, while employed at Janney Montgomery Scott, misrepresented the features and costs associated with an indexed annuity. The customer sought $21,000 in damages in the complaint, which was denied.
In 2001, a customer alleged Barbara Kenerson, while employed at Janney Montgomery Scott, made an unsuitable investment recommendation. The customer is seeking $100,000 in damages in the pending complaint.
According to FINRA rules and federal securities law, investment professionals like Barbara Kenerson must abide by a standard called suitability, meaning they must recommend only investments that are suitable for their clients. Brokers must weigh such factors as the customer’s investment goals, experience, age, income, risk tolerance, and others. They may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
In 1999, Barbara Kenerson was discharged from her position at PaineWebber following allegations she engaged in unauthorized trading.
If you or someone you know has complaints regarding Barbara Kenerson, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment 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.