Published On: January 18, 2017

Former Cetera Advisors registered representative Ken Balser, was discharged from his firm after it alleged that he participated in private securities transactions, sometimes referred to as “selling away.” Balser was also barred from the industry by the Financial Industry Regulatory Authority (FINRA) because of the selling away allegations. According to his FINRA BrokerCheck report, Balser had at least three disclosed outside business activities, including Secure Wealth Management. Brokers who engage in selling away typically use outside businesses to market their securities, and it is against securities rules. Firms such as Cetera Advisors can be sued in the FINRA arbitration forum on a contingency fee basis to recover any losses you may have sustained with Ken Balser. We only make money if you recover yours. Please all 312-332-4200 for your no-cost consultation with one of our attorneys. There is no obligation, so please call today as there is a statute of limitations on many of these cases.

Balser was registered with A.G. Edwards & Sons in St. Louis, Missouri from November 1999 until June 2003, UBS in Weehawken, New Jersey from May 2003 until May 2006, Merrill Lynch in Colorado Springs, Colorado from May 2006 until April 2007, LPL Financial in Colorado Springs from March 2012 until October 2013 and Cetera Advisors in Colorado Springs from October 2013 until July 2016. He has been permanently barred from the industry.

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If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

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