Investors might have sustained losses due to securities broker Kenneth Scott Wingerter (also known as Ken Wingerter) [CRD: 2741587, Naples, Florida], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Kenneth Wingerter worked for Morgan Stanley since May 14, 2021, and was previously employed by Wells Fargo Clearing Services LLC from May 12, 2017, to May 20, 2021, and UBS Financial Services Inc. from November 12, 2008, to May 23, 2017. See the following information to find out more about the securities broker’s disclosures.
Particularly, on August 27, 2024, a UBS Financial Services Inc. client filed FINRA Arbitration No. 24-01773 about Kenneth Wingerter. The client alleged that Wingerter made unsuitable recommendations of a fund of funds investment. The complaint alleged that UBS failed to conduct adequate due diligence and failed to disclose all relevant risks. Because of this, the client allegedly sustained damages on alternative investments from 2011 to 2023. Therefore, the client requested $75,000 in compensation from UBS Financial Services Inc. or Kenneth Wingerter. Evidently, this arbitration is pending a resolution.
Allegations of unsuitable recommendations generally arise when a securities broker or investment adviser recommends a financial product that doesn’t match the client’s financial situation, investment goals, risk tolerance, or experience. In the case of alternative investments—such as hedge funds, private equity, or fund of funds—these products are often complex, less liquid, and carry higher risks than traditional investments. If a broker recommends such investments without ensuring they’re appropriate for the specific client, or fails to fully explain the associated risks, the broker may face allegations of making unsuitable recommendations.
Did you experience losses because of Kenneth Wingerter? Feel free to contact Soreide Law Group online or at (888) 760-6552 to speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US, takes cases on a contingency fee basis, and advances all costs. Wingerter and any registered investment advisors / securities broker dealers Wingerter worked for deny accusations of sales practice violations.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
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