For Investors Who Have Money in Protected Investors of America

Stoltmann Law Offices is investigating Protected Investors of America, a brokerage firm headquartered in San Francisco, California for certain customer complaints and transgressions. Allegedly, Protected Investors was fined by the NASD in 2001 for allowing one of their employees to act as a broker, while his registration was inactive. A Protected Investors broker, Robert M. Dahlestedt, had a customer complaint filed against him, alleging that he made unsuitable investment recommendations and committed fraud while at a former firm. The complaint settled for $225,000. Another broker, Malena R. Yatim, had a $13,000 civil judgment/lien placed against her in 2008. Finally, Russel Wayne Ketron, a broker with the company had a customer complaint against him in 2005. Ketron was also named as a co-defendant in a Securities and Exchange Commission (SEC) civil action regarding the sale of gold coins.

Russel Wayne Ketron was registered with Putnam Financial Services from October 1969 until July 1978 and Belmont Reid Securities from October 1979 until July 1980. He is currently registered with Protected Investors of America in Novato, California and has been since June 1978. He has two customer disputes against him. This is according to his online Financial Industry Regulatory Authority (FINRA) BrokerCheck report.

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