Soreide Law Group is investigating alleged claims by investors regarding the following broker formerly listed with Crown Capital Securities, L.P. of Watsonville, California, from 07/11/2011 – 12/31/2020:
KENNETH JAMES BARROGA (CRD#: 2288752)
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, Barroga has not been registered with any other firms since December of 2020. KENNETH JAMES BARROGA has been registered in the securities industry for 28 years and was listed with 7 firms. Barroga has allegedly recommended possible high-risk alternative investments such as GPB Capital Holdings Funds.
Barroga has 5 disclosures on his FINRA CRD report and all 5 disclosures are “Customer Disputes.” Of the 5 disputes 4 have settled and 1 was denied.
In June of 2020, a dispute was filed alleging, “The customer alleges lack of suitability, breach of fiduciary duty, misrepresentation and omissions of material facts and lack of due diligence in connection with transactions in alternative investment products.” The settlement amount was $165,000.00.
In November of 2018 an Award/Judgment granted damages of $160,097.59 following allegations of, “Between 2012 and 2015, it is alleged that Mr. Barroga was negligent and misrepresented the illiquidity of the REITs he recommended to the clients and that the investment was unsuitable considering the age of the clients.”.”
A customer dispute settled for $16,000.00 in June of 2004, alleging, “Client alleges the bonds purchased in April 2004 did not yield the return represented to him nor the duration.”
Another dispute was settled in December of 2002 for $115,000.00 following allegations of, “Misrepresentation 1999.”
If you’ve experienced financial losses due to the recommendations or actions of the broker, KENNETH JAMES BARROGA, formerly with Crown Capital Securities, in Watsonville, California, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee and represents our clients nationwide before FINRA.