Investors Allege Kenneth South Violated State Laws

Kenneth South (CRD #: 1387390), a broker registered with LPL Financial, is the subject of an investor dispute, according to his BrokerCheck record, accessed on April 15, 2025. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On January 30, 2025, multiple investors filed a dispute alleging that Kenneth South recommended unsuitable investments, charged excessive fees, and engaged in negligent misrepresentation and other negligence.

The clients further alleged that he violated state laws and other regulations, and that his alleged misconduct took place from 2006-2021.

This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must examine the information in an investor’s profile, such as their tax status, risk tolerance, age, and investing experience.

Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s limitations, features, and potential risks and returns.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

What is broker negligence?

Brokers may act in many negligent ways, ranging from omitting material facts about an investment to unauthorized or excessive trading.

Investors who believe their losses are the result of broker negligence may be able to recover their funds by pursuing FINRA arbitration. 

Background Information

Kenneth South has passed the following exams:

• Securities Industry Essentials Examination – SIE
• National Commodity Futures Examination – Series 3
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

Kenneth South is a registered broker in 36 states and the District of Columbia. He is also a registered investment adviser in California and Texas.

He has also worked for the following firms:

• Oppenheimer & Company (CRD#:249)
• Citigroup Global Markets (CRD#:7059)
• Lehman Brothers (CRD#:7506)
• E. F. Hutton & Company (CRD#:235)

Kurta Law Can Help

If you worked with Kenneth South 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 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.