Former Pennsylvania Wells Fargo broker, Kenneth Dysart has been suspended from the financial industry for selling investments away from his member firm.
According to records provided by the Financial Industry Regulatory Authority (FINRA), former Kenneth Dysart has signed a letter of Acceptance, Waiver, and Consent to settle allegations of misconduct. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Dysart (CRD# 2025271).
Kenneth Dysart has spent 25 years in the securities industry and was most recently registered with Wells Fargo Advisors in Yardley, Pennsylvania (2003-2015). Previous registrations include Prudential Securities in New York, New York (1994-2003); Thomas James Associates in Rochester, New York (1990-1994); Vanderbilt Securities (1990-1993); Legend Merchant Group in New York, New York (1990); and MLB Investments (1990). Three of his former employers have since been expelled by FINRA: Thomas James Associates, Legend Merchant Group, and MLB Investments. He is currently not registered with any firm or state.
According to his BrokerCheck report and FINRA records, Kenneth Dysart is the subject of one disciplinary action and was discharged from his position at Wells Fargo Advisors.
In October 2015 FINRA sanctioned Kenneth Dysart following allegations he engaged in private securities transactions away from his member firm, Wells Fargo Advisors, between June and July 2010. According to FINRA, Mr. Dysart referred two customers to a private securities offering and additionally assisted them by facilitating their investments, totaling $100,000. Mr. Dysart allegedly processed “a subscription agreement and Letter of Authorization that were used to effectuate their investments.” He did not receive any compensation for the transaction, and additionally did not provide written notice of the transaction to his employer, in violation of FINRA and NASD rules. Mr. Dysart has signed an AWC Letter (#2014040007601) consenting to a fine of $5,000 and a 30-day suspension from the securities industry.
In January 2015 Kenneth Dysart was terminated from Wells Fargo Advisors following allegations of his “participation in outside activities which exceeded written approval by firm.”
If you or someone you know has complaints regarding Kenneth Dysart, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. Fitapelli Kurta accepts every case on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.