Kennister Daley Investigation
September 2022- Boynton Beach, FL
According to publicly available records, Kennister U. Daley, an Allstate Financial Services broker discloses settlement of a customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 12/2021 a customer of Dawson James Securities, , where Daley was previously employed, filed FINRA case # 21-03129, alleging unsuitability, fraud in offer or sale of securities, misrepresentations and omissions of material facts, breach of contract, common law fraud, breach of fiduciary duty and negligence in connection with the purchase of a non traded real estate investment trust (REIT). In 2/2023 the customer was paid $31,880 to resolve the claim.
See this for more information on REITs and Other Alternative Investments
Daley has been employed by Allstate Financial Services on Hagen Ranch Rd in Boynton Beach, FL, since 3/2016.He was employed with Dawson James Securities, from 5/2014 to 3/2016.
Rex Securities Law Investment Fraud Attorney Investigates Dawson James Securities
If you have losses in an account handled by Kennister Daley, call to learn how you may be able to recover damages through FINRA arbitration.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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