One or more investors apparently complained about securities broker Kenneth David Wright (also known as Ken Wright) [CRD: 1889354, Kingsport, Tennessee], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kenneth Wright worked for Osaic Institutions Inc. at its Kingsport and Johnson City, Tennessee locations starting March 1, 2016, in a brokerage capacity, and beginning May 17, 2016, in an investment advisory role. Keep reading to understand more about Kenneth Wright’s disclosures concerning client disputes and sales practice allegations.
Evidently, an LPL Financial LLC client filed FINRA Arbitration No. 24-01449 about Kenneth Wright. Mainly, the client alleged that Wright made unsuitable recommendations in connection with an investment. Supposedly, real estate securities such as REITs did not align with the client's risk tolerance and goals. Therefore, on May 6, 2025, LPL Financial settled this matter by paying the client $25,000.00 in damages.
Additionally, a client of PFIC Corporation contested Kenneth Wright’s sales practices, according to a complaint dated September 20, 2010. Allegedly, Wright made misrepresentations and gave poor advice about mutual funds. Supposedly, Wright caused the client to sustain damages. Consequently, the client sought compensation from PFIC Corporation or Wright in the amount of $29,000.00 in this matter. However, the firm denied this complaint.
Do you have concerns or questions regarding investments you made with Kenneth Wright? If so, you should contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the country. Also, the firm takes cases on a contingency fee basis and advances all costs. Wright and brokerage firms Wright worked for deny accusations of sales practice violations.
Soreide Law Group is investigating potential investor claims involving sales practice violations by securities brokers and financial advisors related specifically to Next Level Holdings LLC and its affiliated Yield Wealth investment products. These offerings—including Next Level Notes and Yield Term Deposits—were promoted as high-yield, income-generating investments with purported principal protection. However, significant adverse information has […]
Investors have reportedly disputed the sales practices of securities broker David Robert McCain [CRD: 2039283, Johnson City, Tennessee], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McCain worked for Woodbury Financial Services Inc. from September 4, 2009, to January 19, 2024, Osaic Wealth Inc. from January 19, 2024, to August 22, 2024, and […]
Investors apparently complained about securities broker Ian Christopher McElreath [CRD: 4754189, Atlanta, Georgia], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McElreath worked for Ameritas Investment Company LLC from November 26, 2019, to April 6, 2021; 20/20 Capital Management, Inc from January 17, 2020, to April 20, 2021; Emerson Equity […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com