fbpx

Wolper Law Firm Is Investigating Claims Against Sandlapper Securities Financial Advisor, Kenneth Bolton, Who Has 12 Reported Disclosures

The Wolper Law Firm is currently investigating claims against Kenneth Bolton, a former Financial Advisor at Sandlapper Securities in Scotrun, Pennsylvania.  Kenneth Bolton first entered the securities industry in 1985 and previously worked for National Securities Corp., First Montauk Securities Corp. and Fahnestock & Co.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Kenneth Bolton has been the subject of twelve (12) customer complaints for alleged sales practice violations.

https://brokercheck.finra.org/individual/summary/1086678

Kenneth Bolton has a long history of customer complaints.  Among the complaints against Kenneth Bolton include:

  • January 2015—“Claimant alleges unsuitable investment strategy.” The matter was settled for $250,000.
  • May 2014—“Allegations are 1) unsuitability; (2) breach of fiduciary duty…; 3) negligence…7) material omissions and misrepresentations…” The matter was settled for $700,000.
  • December 2009—“Negligence, breach of fiduciary duty, breach of contract, violation of NJ blue sky laws, misrepresentation and omissions.” The matter was settled for $84,411.

Brokerage firms are required by regulation to supervise the Financial Advisors they employ.  The failure of a brokerage firm to properly supervise its Financial Advisors imposes liability on the brokerage firm for investment losses caused by the Financial Advisor’s misconduct.

On June 24, 2018, Sandlapper Securities was featured in a Wall Street Journal article for, in part, their hiring and retention of Financial Advisors with histories of regulatory infractions and customer complaints.

https://www.wsj.com/articles/firms-with-troubled-brokers-are-often-behind-sales-of-private-stakes-1529838000?mod=searchresults&page=1&pos=1

If you or someone you know was a customer of Kenneth Bolton or Sandlapper Securities and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@67.43.6.64 to discuss your specific situation and the legal options available.  The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]