Investor Complained About Kenneth Biebel

Soreide Law Group is investigating possible investor claims against securities broker Kenneth William Biebel (CRD: 5992829, Westport, Connecticut). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for David Lerner Associates Inc. Supposedly, one or more individuals claim that Biebel made unsuitable recommendations. Here is a brief summary of the disclosures about Biebel.

Biebel Discloses Unsuitable Recommendations Allegations By David Lerner Associates Inc. Client

Specifically, a client of David Lerner Associates Inc. contested Kenneth Biebel’s sales practices by filing FINRA Arbitration: 21-02071. Allegedly, Biebel provided unsuitable advice. It appears that Biebel caused the client to sustain damages on private placements, including Energy Resources 12 and Energy 11. Therefore, David Lerner Associates Inc. opted to settle the matter on September 27, 2022, by compensating the client in the amount of $10,000.

Wells Fargo Advisors LLC Disaffiliates With Kenneth Biebel

Evidently, on January 5, 2012, former employer, Wells Fargo Advisors LLC, disaffiliated with Biebel. Particularly, Wells Fargo Advisors LLC alleged that Biebel failed to follow policies of the bank.

Biebel Employment Information

• Biebel worked for David Lerner Associates Inc. in Westport, Connecticut as a securities broker from April 11, 2012, to February 2, 2021.
  
• Biebel worked for Spirit of America Management Corp in Westport, Connecticut as a financial advisor from April 13, 2018, to February 2, 2021.
  
• Biebel has worked for A.G.P. Alliance Global Partners in Westport, Connecticut, as a financial advisor and securities broker since February 1, 2021.

Did David Lerner Associates Inc. Securities Broker Biebel Cause You To Experience Damages?

Did you suffer losses from investing with Kenneth Biebel? If so, reach out to Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a potential recovery of your losses. Soreide Law Group, who has successfully recovered money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Biebel and brokerage firms Biebel worked for deny any allegations of sales practice violations.