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Kenneth Arellano Facing FINRA Suspension

Kenneth Arellano (CRD #: 2660786), a broker registered with Caderet, Grant & Co., was fined and suspended by FINRA in October 2023. This disclosure appears on his BrokerCheck record, accessed on December 11, 2023. Details concerning the suspension are provided below. 

On October 17, 2023, Kenneth Arellano entered into an Acceptance, Waiver, and Consent agreement (AWC) with FINRA in which he consented to the findings that he caused his firm to maintain incomplete books and records. The AWC further alleged that Kenneth Arellano used a text messaging service that was not approved by his firm to exchange securities-related business communications, including information about his customers’ investment profiles and account balances. 

Terms of the AWC 

As part of the terms of the AWC, Kenneth Arellano consented to a 30-day suspension and a $5,000 fine. You can read a copy of the AWC here

FINRA Rule 4511

FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records. Brokers should only use firm-approved channels to communicate in order to maintain accurate records. 

Background Information 

Kenneth Arellano has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 6TO Investment Company Products/Variable Contracts Representative Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered investment adviser and broker in New York and Texas. He is also a registered broker in Florida, Hawaii, Illinois, Indiana, North Carolina, South Carolina, and Wisconsin. 

During his 27 years of experience, Kenneth Arellano has registered with ten firms: 

  • Cadaret Grant & Co. (CRD #: 10641) 
  • LPL Financial (CRD #: 6413) 
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
  • RBC Capital Markets (CRD #: 31194) 
  • H&R Block Financial Advisors (CRD #: 5979) 
  • CitiGroup Global Markets (CRD #: 7059) 
  • Prudential Securities Incorporated (CRD #: 7471) 
  • HSBC Brokerage (USA) (CRD #: 6956) 
  • Citicorp Investment Services (CRD #: 23988) 
  • Zweig Securities Corp. (CRD #: 22898) 

Kurta Law Can Help 

If you have worked with Kenneth Arellano and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.