Public records published by the Financial Industry Regulatory Authority (FINRA) on September 29, 2016 indicate that Maryland-based Kestra Investment Services broker/adviser Ann Fenwick has received resolved or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Fenwick (CRD# 1535605).
Ann Fenwick has spent 29 years in the securities industry and has been registered with Kestra Investment Services in Towson, Maryland since 2000. Previous registrations include Mony Securities in New York, New York (1991-2000); H. Beck in Bethesda, Maryland (1991); and Cigna Securities in Radnor, Pennsylvania. She is a registered broker and investment adviser with seventeen US states and territories: Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Indiana, Maryland, Massachusetts, New Jersey, New Mexico, New York, Pennsylvania, South Carolina, Virginia, and West Virginia.
According to her BrokerCheck report, Ann Fenwick has received one customer complaint and one pending customer complaint.
In February 2016 a customer alleged Ann Fenwick, while employed at NFP Advisor Services, made unsuitable recommendations. The customer is seeking $100,000 in damages in the pending complaint.
In 2013 a customer alleged Ann Fenwick, while employed at NFP Securities, misrepresented material facts and recommended unsuitable investments. The complaint settled in 2014 for $140,000.
Federal securities law prohibits investment professionals like Ann Fenwick from making untrue or false statements that can mislead their clients — an act referred to as “misrepresentation.” Nor may they omit material facts regarding an investment, or the effect that an investment could have on the client’s finances. A “material fact” is a piece of information that would be a significant consideration for a reasonable investor in making a decision about an investment. Some examples include the risk level of a stock, the potential return on an investment, or the fees involved with the transaction. Brokers and investment advisers who misrepresent material facts may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you have lost money investing with Ann Fenwick, 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 contingency: Fitapelli Kurta only gets paid if and when you recover 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.