Kenneth Sledge Facing Half-Million Dollar Investor Disputes

Kenneth Sledge (CRD #: 824533), a broker registered with Lincoln Financial Advisors Corporation, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on July 28, 2023. 

On May 10, 2023, an investor alleged that Kenneth Sledge recommended an unsuitable oil and gas investment. The investor is seeking $500,000 in this pending dispute. 

FINRA Rule 2111 – Suitable Investments 

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s risk tolerance. Oil and gas investments are often unsuitable due to their high risk. 

Investments may also violate FINRA Rule 2111 for the following reasons: 

• Securities may also be unsuitable because they are illiquid, meaning that they are intended to be held for an extended time, and investors may have to pay high fees to cash out.
• Securities can be quantitatively unsuitable, which means that brokers executed an excessive number of trades.
• These requirements apply to the overall investment strategy as well as the investments themselves. For instance, an investment strategy might be unsuitable if the securities are overconcentrated in a particular stock or sector.

Background Information 

Kenneth Sledge has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 22TO Direct Participation Programs Representative Examination 
• Series 6TO Investment Company Products/Variable Contracts Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 1 Registered Representative Examination 

He is a registered broker in 17 states and is a registered investment adviser in Tennessee. 

Kenneth Sledge has registered with the following firms: 

• Lincoln Financial Advisors Corporation (CRD #: 3978) 
• The Lincoln National Life Insurance Company (CRD #: 2580) 
• Labrec Securities (CRD #: 10473) 
• Lincoln National Pension Insurance Company (CRD #: 10293) 
• United Capital Securities (CRD #: 7724) 

Kurta Law Can Help

If you worked with Kenneth Sledge and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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.