Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kenneth New (New), currently associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that New recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on August 19, 2025.
Clients allege registered representative mishandled the assets Claimant entrusted to their care by over-concentrating the assets in illiquid non-traded alternative investments, which were unsuitable for Claimant’s ages,\, investment goals, and risk tolerance.