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Customer Dispute Alleges Citigroup Broker Engaged in Misconduct Related to Individual Retirement Account Investments
Levin Law | 6.4.2020
Citigroup Broker Receives Seventh Complaint According to FINRA
According to publicly available information through the Financial Industry Regulatory Authority (FINRA), Citigroup broker and investment adviser Timothy Trevor Kenska (CRD: 4894163) has received a new customer dispute. This is the seventh disclosure made public against the broker.
The most recent dispute filed against his employer includes allegations that Mr. Kenska committed “material misrepresentations and omissions, unsuitability and breach of implied covenant of good faith and fair dealing in connection with Individual Retirement Account investments from 2015 through present.” The dispute is pending with requested damages in the amount of $150,000.
Three of Mr. Kenska’s prior customer disputes were settled, including the following made in 2017:
A customer dispute was settled for $77,388 alleging that “registered representative solicited them to open an investment advisory account; implemented an unsuitable investment portfolio including the purchase of risky, energy securities; and breached his fiduciary duty when recommending liquidation of their variable annuities which they allege benefited registered representative only.”
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If you have experienced loss as a result of your stockbroker’s or financial advisor’s misrepresentation or unsuitable recommendations regarding retirement account investments, please contact Brian Levin for a free case evaluation at (305) 402-9050, brian@levinlawpa.com, or through Levin Law’s online contact form. Levin Law accepts most cases on a contingency-fee basis, meaning that you would not be obligated to pay Levin Law’s attorney fees unless we recover money on your behalf.
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Levin Law is a premier national securities and class action law firm. Brian Levin, Levin Law’s founding attorney, has obtained settlements and recoveries in excess of $100,000,000 in assets through arbitration and litigation for individual and institutional investors throughout the country and the rest of the world. Levin Law represents retirees, individual investors, high-net- worth investors, ultra-high-net-worth investors, institutions, family offices, trusts, publicly held companies, and others.
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