Did you lose money investing with Independent Financial Group, LLC broker Kenneth Guerra (CRD# 1337062)? Guerra has been registered with Independent Financial Group, LLC in Grants Pass, Oregon since 2010.
In September 1997, the Department of Consumer & Business Services and the Division of Finance and Corp. Securities sanctioned Guerra to a $9,136.03 fine alleging, “unlicensed sale of unregistered securities.”
Guerra has been the subject of two customer complaints between 2013 and 2019, according to his CRD report:
September 2019. “Claim that, despite their stated objectives, they were invested in high-risk alternative investments, resulting in a loss of some of their retirement assets.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint is regarding alternative investments.
March 2018. “Claimants alleged that the non-traded REIT purchased in 2007-2008 was misrepresented and unsuitable.” The customer sought $80,000 in damages and the case was settled for $60,000. The complaint was regarding real estate investment trusts (REITs).
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Independent Financial Group, LLC may be liable for investment or other losses suffered by Guerra’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.