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Investor Claims Kenneth Perkins Misrepresented a Variable Annuity

Mar 16, 2022 Misrepresentation

Kenneth Perkins (CRD #: 1653276), a broker and investment advisor registered with Cetera Advisor Networks, is involved in an investor dispute after allegedly misrepresenting a variable annuity. This is according to his BrokerCheck record, accessed on March 1, 2022.  

On November 18, 2021, an investor alleged that Kenneth Perkins misrepresented a variable annuity. The investor is seeking $303,128.52一the case is still pending.

Misrepresentation usually occurs when an investment broker makes false or misleading statements about a financial product in an effort to persuade their customer to invest. 

Brokers may be liable if they misrepresent facts or fail to disclose crucial material facts when recommending stocks, securities, investment strategies, or financial products.

FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations or inducing people into buying investments with false statements about their potential benefits. This unethical conduct also violates FINRA Rule 2010, which states that brokers must uphold high standards of commercial honor. 

Background Information

Kenneth Perkins has passed the following exams:

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

Kenneth Perkins is a registered broker in 21 states and a registered investment advisor in Ohio. 

Besides Cetera Advisor Networks, Kenneth Perkins has also worked with the following firms:

  • Walnut Street Securities (CRD#:15840)
  • New England Securities Corporation (CRD#:615)
  • METLIFE Securities (CRD#:14251)
  • Metropolitan Life Insurance Company (CRD#:4095)

Kurta Law Can Help

If you worked with Kenneth Perkins and have concerns about your investments, don't hesitate to contact us today 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 and 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.