Ken Balser

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ken Balser (Balser), previously associated with Cetera Advisors LLC, has at least one disclosable event. These events include one customer complaint, alleging that Balser recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $100,001.00 on May 12, 2020.

Violations of Federal and Pennsylvania Securities Law, Violation of Pennsylvania Unfair Trade Practices, Violation of Colorado Securities and Consumer Protection Acts, breach of contract, common law fraud, breach of fiduciary duty, and gross negligence.

Our firm is investigating claims made by The Financial Industry Regulatory Authority (FINRA) when the regulator barred broker Ken Balser (Balser). According to FINRA settlement, Balser consented to sanctions that he refused to appear for testimony and provide documents and information to FINRA concerning allegations that he engaged in private securities transactions.

In July 2016, Cetera Advisors LLC (Cetera) discharged Balser for cause alleging that Balser engaged in private securities transactions.

According to Balser’s brokercheck records Balser has at least three disclosed outside business activities. These activities include a d/b/a Secure Wealth Management. In addition, Balser disclosed a fixed insurance business and Dave Ramsey Radio Show Sponsor. The providing of loans or selling of notes and other investments outside of a brokerage firm constitutes impermissible private securities transactions – a practice known in the industry as “selling away”. Often times brokers who engage in this practice use outside businesses in order to market their securities.

Articles Tagged with Ken Balser

Broker Ken Balser in Cetera Advisors LLC Firm Has Customer Complaint

Ken Balser Barred by FINRA Over Allegations of Private Securities Transactions