Securities Fraud Lawyer Blog
Kenley Brisard barred by FINRA.
In December, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Kenley Brisard of Weston, Florida, a registered representative formerly with Ridgeway & Conger and Gunn Allen Financial submitted an acceptance, waiver and consent letter whereby he was barred from association with any FINRA member in any capacity.
The FINRA complaint asserted that Kenley Brisard participated in an unregistered offering of securities and made material misrepresentations about the investments. The investments sold by Brisard and another registered rep were “interest only strips” from loans issued by the Small Business Administration. FINRA found that Brisard improperly marketed the securities using a “general solicitation” which contained false information that was contradicted by the prospectus for the underlying securities. In March, 2016 Ridgeway and Conger discharged Brisard for selling unsuitable investments and charging excess commissions to his customers.
Registration and disciplinary history
In order to lawfully sell investments to the public, a registered rep must either be registered or exempt from registration. Kenley Brisard was registered with:
Ridgeway and Conger from March, 2009 to March, 2016
GunnAllen Financial from July, 2004 to April, 2009
Raymond James Financial from March, 1999 to July, 2004
According to FINRA’s CRD disclosure report, Kenley Brisard has been the subject of one customer complaint and one regulatory investigation. In additioan, Brisard was discharged from National Securities Corporation in 1998 after a branch compliance officer overheard Brisard telling a client that he was the CEO of American Express.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.
When investors contact our firm they can expect prompt attention, and a detailed analysis of their issues. Typical claims that we are asked to review involve “unsuitability (where a financial advisor makes investment recommendations that are inconsistent with a customer’s investment objectives), claims for “churning” (where a broker enters into an excessive number of trades for the purpose of generating commissions), claims involving illiquid investments such as private placements (I.e., real estate investment trusts, limited partnerships, equipment leasing and oil and gas drilling programs) as well as claims for violations of state securities laws, which often provide investors remedies like attorney’s fees and interest, if they are successful on the claim.
If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.