Allegations of Investment Fraud: A Case Study of Kenneth Arellano
Investment fraud is a serious allegation that can cause financial devastation for unsuspecting victims. One such case is currently under investigation by the seasoned law firm of Haselkorn & Thibaut, involving an advisor named Kenneth Arellano and his associated companies, LPL Financial and CADARET, GRANT & CO., INC.
What’s the Allegation?
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On October 17, 2023, the regulatory body FINRA issued a final regulatory notice. Without admitting or denying the findings, Arellano consented to the sanctions and to the entry of findings that he caused his member firm to maintain incomplete books and records. The findings stated that Arellano used a text messaging service that was not approved by the firm to exchange securities-related business communications, including information concerning customers’ investment profiles and account balances. Arellano did not retain copies of any of such communications for his firm to preserve.
Why Should You Care?
This case is a stark reminder of the importance of vigilance when it comes to your investments. It highlights some red flags of investment fraud, such as:
- Use of unapproved communication channels
- Failure to maintain complete records
- Exchange of sensitive information outside of approved methods
Keeping an eye out for such warning signs can help protect you from falling victim to similar schemes.
Who’s Investigating?
Haselkorn & Thibaut, a national investment fraud law firm with offices in Florida, New York, North Carolina, Arizona, and Texas, is currently investigating the case. With over 50 years of experience and a 98% success rate, they have a proven track record of helping investors recover losses due to fraudulent activities.
How Can You Benefit?
If you’ve been a victim of investment fraud, you can potentially recover your losses through FINRA Arbitration. Haselkorn & Thibaut offers a free consultation at 1-800-856-3352 and operates under a “No Recovery, No Fee” policy, meaning you won’t be charged unless they successfully recover your losses. By understanding the allegations against Kenneth Arellano, you can better protect your investments and take action if you suspect fraudulent activity.
Remember, it’s your hard-earned money at stake. Don’t let investment fraud rob you of your financial security.
