Kenneth Wise (CRD #: 1492642), a broker and an investment adviser registered with UBS Financial Services Inc., is facing multiple investor complaints, according to his BrokerCheck record, accessed on September 18, 2020. One of the complaints alleges that Mr. Wise allowed a third party to commit elder abuse on one of his clients. Keep reading for more details on Mr. Wise’s conduct as a broker.
On August 4, 2020, a client alleged that Kenneth Wise made an unsuitable investment recommendation and failed to pay down investor’s line of credit as directed. The dispute is pending.
On April 3, 2020, clients alleged that Mr. Wise breached his fiduciary duty and failed to follow FINRA’s Rule 2090: Know Your Customer. Rule 2090 states that investors have an obligation to retain essential facts about their investors, as well as the authority of each person acting on behalf of that customer. The clients allege that Kenneth Wise allowed a third party to “financially exploit” and commit elder abuse, and that these events should have been known by Mr. Wise, and yet he did not act to protect his client.
Kenneth Wise has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities State Law Examination, the Securities Industry Essentials Examination, the Series 31 Futures Managed Funds Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, D.C., Florida, Georgia, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin. He is a registered investment adviser Florida, Ohio, and Texas.
During his 34 years in the securities industry, Kenneth Wise has worked at the following firms:
- Merrill Lynch, Pierce, Fenner & Smith, Incorporated (CRD #: 7691)
- CitiGroup Global Markets Incorporated (CRD #: 7059)
- Lehman Brothers Inc. (CRD #: 7506)
- Kemper Securities Group, Incorporated (CRD #: 19616)
- Prescott, Ball & Turben, Incorporated (CRD #: 7656)
If Kenneth Wise was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email firstname.lastname@example.org for your free case consultation with a securities attorney.