Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on December 20, 2017 indicate that California-based Stifel Nicolaus & Company broker/adviser Kenneth Alter has been sanctioned by FINRA in connection to alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Alter (CRD# 2147698).
Kenneth Alter has spent 26 years in the securities industry and has been registered with Stifel Nicolaus & Company in Los Angeles, California since 2015. Previous registrations include Morgan Stanley in Beverly Hills, California (2009-2015); Morgan Stanley & Company in Beverly Hills, California (2007-2009); and Morgan Stanley Dw in Beverly Hills, California (1991-2007). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 9, 1991, and Series 7 (General Securities Representative Examination), which he obtained on June 18, 1991. He is a registered broker and investment adviser with 15 US states and territories: Alabama, Arizona, California, Florida, Illinois, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Puerto Rico, Tennessee, Texas and Virginia. He is registered with six self-regulatory organizations (SROs): Bats BZX Exchange, FINRA, NYSE American LLC, Nasdaq PHLX LLC, the Nasdaq Stock Market, and the New York Stock Exchange.
According to his BrokerCheck report, he was recently sanctioned by FINRA and discharged from his former employer, and he has received four denied customer complaints.
In December 2017 FINRA sanctioned him following allegations that before he left his prior member firm, he “sent unencrypted emails from his firm email address to his personal email address and to a third party that included attachments containing nonpublic personal information” regarding roughly 75 clients of the firm. FINRA found that by transmitting such nonpublic information to his personal email address as well as to a third party, he put these clients’ information at risk and caused his firm to violate securities law. He was issued a fine of $5,000 and a ten-day suspension from association with any FINRA member in all capacities.
In 2015 he was terminated from Morgan Stanley Smith Barney following allegations concerning the “completeness and accuracy of information” he provided in connection to a real estate transaction that involved a customer.
In 2012 a customer alleged Kenneth Alter, while employed at Morgan Stanley Smith Barney, failed to follow instructions. The customer sought unspecified damages in the complaint, which was denied.
In 2012 a customer alleged Kenneth Alter, while employed at Morgan Stanley Smith Barney, made unsuitable bond purchases. The customer sought unspecified damages in the complaint, which was denied.
In 2000 a customer alleged Kenneth Alter, while employed at Morgan Stanley Dean Witter, failed to follow instructions to roll over a unit investment trust. The customer sought unspecified damages in the complaint, which was denied.
If you have lost money investing with Kenneth Alter, you may be entitled to recoup your losses. Call 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.