Public records published by the Financial Industry Regulatory Authority (FINRA) on February 20, 2017 indicate that former Colorado-based Cetera Advisors broker/adviser Ken Balser has been sanctioned by FINRA and permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Balser (CRD# 704053).
Ken Balser has spent eleven years in the securities industry and was most recently registered with Cetera Advisors in Colorado Springs, Colorado (2013-2016). Previous registrations include LPL Financial in Colorado Springs, Colorado; Merrill Lynch in Colorado Springs, Colorado; UBS Financial Services in Weehawken, New Jersey; and AG Edwards & Sons in St. Louis, Missouri. He has passed four securities industry examinations: Series 7 (General Securities Representative Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 66 (Uniform Combined State Law Examination); and Series 24 (General Securities Principal Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, Ken Balser has received two regulatory sanctions and was recently terminated from his position at Cetera Advisors.
In January 2017 the Colorado Division of Securities sanctioned Ken Balser following allegations he “solicited no less than seventeen (17) clients to invest in Tesoro Del Alma, Inc. (Gold Mine)… without disclosing his activities to his employer member firm.” His license was revoked
In December 2016 FINRA sanctioned Ken Balser following allegations he “refused to appear for testimony and provide documents and information requested by FINRA during the course of an investigation into allegations that he engaged in private securities transactions in violation of his member firm’s policy.” He was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
In July 2016 he was discharged from Cetera Advisors following allegations he “engaged in private securities transactions in violation of firm policy.”
If you or someone you know has a complaint regarding Ken Balser, call the attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. You may have a limited window by law to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.