Last Updated: May 2026 — Pompano Beach, Florida
Here’s What You Need to Know About Pompano Beach, Florida Stockbroker Ken Arena
- Name: Kenneth Joseph Arena
- Current Employer: Cetera Wealth Services, LLC; Cetera Investment Advisers LLC
- Prior Firms: Newbridge Financial Services Group, Inc.; Newbridge Securities Corporation; Ameriprise Financial Services, Inc.; Wachovia Securities, LLC; First Union Brokerage Services, Inc.; and numerous earlier firms dating back to the late 1960s
- Other Business Affiliations: Cetera Wealth Partners (financial services DBA)
- CRD Number: 6997
- Stockbroker / Financial Advisor: Yes
- Can Broker be Sued in FINRA: Yes
- Discharged by a Prior Employer: Yes — permitted to resign from Ameriprise Financial
- Highest Award or Settlement: $170,311
- Current Customer Dispute Seeks Total Damages of: $500,000
If you’ve sustained damages from Mr. Arena, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Ken Arena As Your Stockbroker?
Kenneth J. Arena discloses multiple customer disputes, a prior settlement, and a pending FINRA arbitration.
In December 2013, a customer of Ameriprise alleged that Arena engaged in excessive trading (churning) in a brokerage account between 2007 and 2013 involving equities. The matter was resolved in April 2014 for a $170,311 settlement.
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Arena has also been the subject of multiple earlier customer complaints involving allegations such as misrepresentation and failure to adequately disclose risks in investments including REITs and mutual funds.
In March 2026, FINRA arbitration (Case No. 26-00500) was filed by a customer of Newbridge Securities which alleges breach of contract, breach of fiduciary duty, failure to supervise, negligence, misrepresentations, and violations of securities laws and Regulation Best Interest. The currently pending claim involves alternative investments and seeks $500,000 in damages.
Arena was permitted to resign from Ameriprise Financial Services in May 2014 while under review for potential policy violations related to the suitability of a short-term trading strategy.
Allegations of Broker Misconduct Against Ken Arena
- Unsuitability — recommendations or strategies inconsistent with client objectives, implicating FINRA Rule 2111
- Breach of Fiduciary Duty — failure to act in the client’s best interest
- Fraud / Misrepresentation — alleged failure to adequately disclose risks may implicate FINRA Rule 2020 and Rule 2010
- Churning — excessive trading activity designed to generate commissions
- Negligence — failure to exercise reasonable care in managing client accounts
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Newbridge Securities brokers
If you have suffered investment losses in an account handled by Kenneth Joseph Arena, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
- Investigation of Cetera Financial Brokers-Lawsuits, Arbitrations & Disputes
- Firms We Have Pursued On Behalf of Our Clients
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.