Kenley Brisard: Received a FINRA Sanction

Kenley Brisard

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on February 24, 2017 indicate that former New York-based Ridgeway & Conger broker Kenley Brisard has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Brisard (CRD# 2641960).

Kenley Brisard has spent nineteen years in the securities industry and was most recently registered with Ridgeway & Conger in Jericho, New York (2009-2016). Previous registrations include Gunnallen Financial in New York, New York; Raymond James Financial Services in St. Petersburg, Florida; IAR Securities in New York, New York; Ash & Company in Great Neck, New York; and HGI in Jericho, New York. Two of Mr. Brisard’s former employers, IAR Securities and HGI, have since been expelled by FINRA. He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 62 (Corporate Securities Limited Representative Examination). He is currently not registered with any state or firm.

According to his BrokerCheck report, Kenley Brisard has received one FINRA sanction and one customer complaint, and was terminated from his former employer.

In October 2016 FINRA sanctioned him following allegations that “he, another representative and their firm sold an unregistered security, and its designated supervisor failed to supervise the activities that consisted of interest-only strips from loans issued by the United States Small Business Association (SBA) meant only for Qualified Institutional Buyers (QIBs) to individual retail investors at undisclosed markups of 14-33 percent using general solicitation emails that fraudulently misrepresented the product and the respondents’ role in its development.” According to FINRA’s findings, Mr. Brisard and the other representative “engaged in fraudulent misrepresentations and omissions of material fact in connection with customer purchases of securities with respect to the emails that Kenley Brisard sent to four customers and the other representative sent to one customer,” in violation of securities law. They also allegedly “failed to reasonably and/or independently investigate and understand the SBA interest-only security before they recommended the investment to customers” and charged excessive markups on clients’ unregistered securities transactions. Mr Brisard was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.

In 2016 Kenley Brisard was discharged from his position at Ridgeway & Conger in connection to allegations he charged excessive commission fees and made sales of unsuitable products.

In 2002 a customer alleged Kenley Brisard, while employed at Raymond James Financial Services, misrepresented and recommended an unsuitable product. The complaint settled for $27,500.

If you or someone you know has lost money investing with Kenley Brisard, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: 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.