Kenneth Maring Allegedly Recommended Unsuitable Investments
Kenneth Maring (CRD #: 1500005), a previously registered broker with Morgan Stanley, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on July 19, 2024. Keep reading if you have questions regarding his alleged conduct.
Investor Allegations
On June 4, 2024, an investor alleged that Kenneth Maring made unsuitable investment recommendations with regard to their long-term financial objectives and risk tolerance. This allegedly led to the claimants suffering significant losses.
What is an Unsuitable Investment?
FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:
- Age
- Risk tolerance
- Time horizon (i.e., how long the investor plans to hold the investment)
- Investing experience
- Tax status
- Financial goals
Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.
Judgment / Lien
On August 3, 2021, Kenneth Maring became the subject of a tax lien for $478,085.
Background Information
Kenneth Maring has passed the following exams:
- Series 65 Uniform Investment Adviser Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 3 National Commodity Futures Examination
- Series 7 General Securities Representative Examination
During his 37 years of experience, he has registered with eight firms:
- Morgan Stanley (CRD #: 149777)
- Wells Fargo Clearing Services (CRD #: 19616)
- Morgan Stanley & Co. (CRD #: 8209)
- Morgan Stanley DW (CRD #: 7556)
- Salomon Smith Barney (CRD #: 7059)
- Shearson Lehman Hutton (CRD #: 7506)
- Private Securities Network (CRD #: 15314)
- Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
Kurta Law Can Help
If you have worked with Kenneth Maring and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.