Kenneth McDonald: Investor Seeks $834,000 in Complaint Against Western International Securities Rep

Kenneth McDonaldPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 23, 2018 indicate that California-based Western International Securities broker Kenneth McDonald has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. McDonald (CRD# 816699).

Kenneth McDonald has spent 30 years in the securities industry and has been registered with Western International Securities in Westlake Village, California since August 2015. Previous registrations include Newport Coast Securities in New York, New York (2013-2015); Crown Capital Securities in Rancho Mirage, California (2003-2009; 2010-2013); Girard Securities in San Diego, California (2003); Pacific West Securities in Renton, Washington (2002-2003); Sentra Securities in Phoenix, Arizona (1998-2002); United Pacific Securities in Carlsbad, California (1994-1998); NIF Securities in Newport Beach, California (1994); Shearson/American Express (1982-1983); Drexel Burnham Lambert (1982); Wedbush Noble Cooke (1980-1982); Paine Webber Jackson & Curtis (1980); Blythe Eastman Dillon & Company (1978-1980); and Bateman Eichler Hill Richards (1976-1978). He has passed five securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 14, 1993; Series 7 (General Securities Representative Examination), which he obtained on May 9, 1994; Series 22 (Direct Participation Programs Representative Examination), which he obtained on January 14, 1994; Series 3 (National Commodity Futures Examination), which he obtained on November 11, 1982; and Series 24 (General Securities Principal Examination), which he obtained on January 27, 1995. He is a registered broker with one US state: California.

According to his BrokerCheck report, he has received three customer complaints and one pending customer complaint.

In June 2018 a customer alleged Kenneth McDonald, while employed at Crown Capital Securities, breached his fiduciary duty, breached contract, committed fraud, acted negligently, misrepresented material facts, failed to conduct due diligence, and failed in his supervisory duties in connection to an unsuitable private placement investment. The customer is seeking $834,000 in damages in the pending complaint.

In 2014 a customer alleged Kenneth McDonald, while employed at Crown Capital Securities, acted negligently, recommended unsuitable tenant-in-common products, misrepresented material facts, and failed in his supervisory duties. The complaint settled for $400,000.

In 2011 a customer alleged Kenneth McDonald, while employed at Crown Capital Securities, made misrepresentations and omissions regarding an unsuitable TIC product. The complaint settled for $132,500.

In 2002 a customer alleged he, while employed at Sentra Securities Corporation, made unsuitable investment recommendations. The complaint settled for $60,000.

If you have complaints regarding Kenneth McDonald, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.