Multiple investor complaints against Capital Investment Group’s Larry Stringer (CRD# 1996822) allege misconduct relating to real estate investments. Records provided...Read More
Ken Daley: $100K REIT Complaint Against Allstate Advisor
Allstate Financial Services representative Ken Daley (CRD# 1774653) allegedly committed fraud relating to the sale of a non-traded real estate investment trust (REIT), according to a pending investor complaint against him. Financial Industry Regulatory Authority records show that he is based in Boynton Beach, Florida.
Filed in December 2021, the pending investor complaint disclosed on Mr. Daley’s BrokerCheck report alleges that as a representative of Dawson James Securities, he committed fraud, made unsuitable investment recommendations, misrepresented and omitted material facts, breached contract, breached his fiduciary duty, and acted negligently in relation to the sale of a non-traded REIT. The pending complaint alleges damages of $100,001.
A complaint filed in 2016 alleged that as a representative of Dawson James Securities, he made excessive and unsuitable options trades between April 2015 and February 2016. The complaint alleged damages of $65,000 and was denied by the firm.
According to the Financial Industry Regulatory Authority, Ken Daley holds 34 years of securities industry experience. He has been affiliated with Allstate Financial Services in Boynton Beach, Florida since 2016. His past registrations include Dawson James Securities (Boca Raton, Florida; 2014-2016), Newbridge Securities Corporation (Boca Raton, Florida; 2002-2014), National Securities Corporation (Boca Raton, Florida; 2001-2002), Sterling Financial Investment Group (Boca Raton, Florida; 2000-2001), Joseph Charles & Associates (Boca Raton, Florida; 1997-2000), Barber & Bronson (Miami, Florida; 1993-1998), Merrill Lynch (New York, New York; 1990-1993), Rosenkrantz Lyon & Ross (New York, New York; 1990-1991), Kimbridge & Co. (1988-1990), and the David-Maxwell Company (1988). His credentials include the passage of five securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the General Securities Principal Examination, or Series 24. He is licensed in Florida and Georgia. (Information current as of May 16, 2022.)
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