LAWRENCE P KENNARD

LAWRENCE P KENNARD is currently employed as a Broker and/or Investment Adviser at SA STONE WEALTH MANAGEMENT INC. located at 5250 Transportation Blvd, #100, Garfield Heights, OH, 44125.

LAWRENCE P KENNARD has worked at SA STONE WEALTH MANAGEMENT INC. since September 12, 2014

Disclosure History

LAWRENCE P KENNARD has 1 Disclosure Event(s).

Date: April 30, 2012
Category: Customer Dispute
Allegations: CLIENTS ALLEGE THAT KENNARD SOLD THEM REIT THAT WAS UNSUITABLE, BRACH OF FIDUCIARY DUTY,MISREPRESENTATION
Damage Amount Requested: $49,000.00
Settlement Amount: $20,000.00
Broker Comment: CLIENTS ALLEGE THAT REP SOLD THEM REITS WHICH WERE UNSUITABLE.THIS COMPLAINT WAS SETTLED EARLY TO AVOID THE HIGH LEGAL FEES AND COSTS OF GOING TO ARBITRATION, WHERE MR. KENNARDFEELS HE WOULD HAVE BEEN EXONERATED OF ALL CHARGES. MR. KENNARD DOES NOT ADMIT TO ANY GUILT OR WRONGDOING IN THIS MATTER."

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

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