Stoltmann Law Offices is investigating Kenneth Saunders, who is currently associated with National Planning Corporation (NPC). Saunders has been subject to six customer complaints, some of which involve direct participation products (DPPs) such as non-traded real estate investment trusts (REITs) and other alternative investments. Saunders has also disclosed outside business activities, including Saunders Investment & Tax Advisory Group, Inc., Heron Bay Association and Parke Place HOA. Most recently, a complaint was filed against him alleging that he recommended unsuitable investments causing $150,000 in damages. That claim is currently pending. All of these are against securities rules and regulations. A broker must take into account a customer’s age, net worth, investment sophistication and investment objectives, among other things, when recommending an investment. If he does not, his brokerage firm may be held responsible for losses. Please call our securities law firm today to speak to an attorney about your options of bringing legal recourse against NPC if you suffered losses with Kenneth Saunders.
According to his online Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Saunders was registered with First American National Securities in Duluth, Georgia from May 1986 until July 1990, North American Management in Sioux Falls, South Dakota from August 1990 until June 1996, Walnut Street Securities in El Segundo, California from June 1996 until December 1996 and Investors Capital Corp in Coral Springs, Florida from January 1997 until November 2013. He is currently registered with NPC in Coral Springs and has been since October 2013. He has six customer disputes against him, one of which is currently pending.