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Kenneth New- Center Street Securities Broker-Facing Suit Over GWG L-Bond Losses – Merritt Island, FL

Kenneth New- Center Street Securities Broker-Facing Suit Over GWG L-Bond Losses – Merritt Island, FL

Kenneth New- Center Street Securities Broker-Facing Suit Over GWG L-Bond Losses – Merritt Island, FL 150 150 Rex Securities Law

Kenneth New/Center State Securities/GWG L-Bond

Investigation

 

October 2022- Merritt Island, FL 

According to publicly available records Kenneth J. New,  a broker employed by Center Street Securitiesdiscloses several customer disputes, including a pending customer suit involving an investment in GWG L-Bonds.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

IN 6/2022 a customer of Center Street Securities filed FINRA arbitration 22-1258 seeking damages of 25,000 as a result of a recommendation by New to invest in GWG L-Bonds. The client alleges that the recommendation was not suitable.

In 9/2022 another customer of Center Street Securities filed FINRA case 22-1620 seeking $393,000 alleging that New  recommended unsuitable alternative products. Both matters are currently pending.

New, who operates Pinnacle Financial Network  in Merritt Island, FL, has been employed with Center Street Securities since 2/2017.

GWG L-BOND LOSSES?

For more information on GWG Holdings, see this link  and for more about Center Street’s issues with regulators over GWG investments,  follow this link.

If you have questions about an investment account with Kenneth New , call to learn how you may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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