Soreide Law Group has filed a FINRA arbitration against K.C. WARD FINANCIAL (K.C. WARD) on behalf of our client from Massachusetts.
The Claimant is looking to retire within the next five years and was looking for a conservative growth portfolio. The law suit alleges that shortly after opening an account with K.C. WARD his money was quickly concentrated into an Ultra Short S&P 500 fund and other high-risk investments resulting in devastating losses.
Allegedly, after complaining about his performance to K.C. WARD, the firm switched him to a broker team who continued to trade in high-risk speculative investments on margin that were totally unsuitable for the Claimant. The law suit alleges that the Respondents made wildly speculative bets with retirement savings taking large concentrated positions in Petroleo Brasilerio, AK Steel, U.S. Steel and Peabody Energy, all of which have lost more than 50%. From December 2013 through most all of 2014 the Claimant’s account had over 100% leverage.
The Claimant lost over $450,000 of his principal while the Respondents received commission in excess of $100,000 along with a 5.75% interest rate on, at times, an over $600,000 margin loan costing the Claimant over $3,000 a month in interest.
The lawsuit alleges negligence, breach of fiduciary duty, negligent supervision, breach of contract and fraud.
If you’ve experienced losses due to the recommendations of K.C. Ward Financial of Massachusetts, or any other broker/dealer, contact Soreide Law Group for a no-cost consultation on the possibility of recovering your losses at: 888-760-6552.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
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