Articles Tagged with Financial Advisor Fraud Attorneys

Retail Investors Were Defrauded by Fired Western International Securities Broker Christopher Booth Kennedy, Alleges SEC . Former Financial Advisor Agrees to Pay Over $2.1M To Settle Regulator’s Fraud Lawsuit

If you are an investor who suffered losses while working with ex-Western International Securities stockbroker Christopher Booth Kennedy, contact Shepherd Smith Edwards and Kantas Financial Advisor Fraud Attorneys (investorlawyers.com) today. We are continuing to investigate claims by retail investors that he may have allegedly defrauded.

Kennedy, who was barred by the Financial Industry Regulatory Authority last year, settled US Securities and Exchange Commission (SEC) charges accusing him of running a scam to defraud retail investors by unsuitably recommending costly investment strategies, including the making of short-term bets, and then allegedly concealing “substantial” losses (even inflating false returns) using bogus financial statements. Without denying or admitting to wrongdoing, the former California broker will pay more than $2.1M, including a $958K penalty and $1.8M in disgorgement plus prejudgment interest.