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.
JOHN LAWRENCE ALEX (JOHN L ALEX) has been registered both as a broker and financial advisor with MORGAN STANLEY of Morristown, New Jersey, since11/15/2011. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN L ALEX has 36 years of experience in the securities industry and has been registered with 4 firms. Alex […]
JOSEPH KELLY (JOE KELLY) has been registered as a broker with VCS VENTURE SECURITIES of New York, NY since 6/17/2026. He was previously registered with SPARTAN CAPITAL SECURITIES LLC of New York, NY from 01/13/2017 - 12/18/2024. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSEPH KELLY has 21 years of experience […]
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
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