RUSSELL WAYNE KETRON is currently employed as a Broker and/or Investment Adviser at WESTERN INTERNATIONAL SECURITIES, INC. located at 1701 Novato Blvd., Ste. 204, Novato, CA, 94947.
RUSSELL WAYNE KETRON has worked at WESTERN INTERNATIONAL SECURITIES, INC. since October 11, 2016
Disclosure History
RUSSELL WAYNE KETRON has 4 Disclosure Event(s).
Date: June 11, 2015 Category: Customer Dispute Allegations: IN APRIL 2007 AND MAY 2008 RR SOLD CLAIMANT $300K OF INLAND AMERICAN REIT. CLAIMANT ALLEGES SALE OF AN UNSUITABLE SECURITY, BREACH OF FIDUCIARY DUTY, AND OMISSION OF MATERIAL INFORMATION RELATED TO THE SALE. Damage Amount Requested: $300,000.00 Settlement Amount: $20,000.00 Broker Comment: RR DENIES ALLEGATIONS. THE RR BELIEVES THE REIT SOLD WAS SUITABLE AND IN LINE WITH THE CLAIMANTS EXPERIENCE WITH REITS AND REAL ESTATE LIMITED PARTNERSHIPS. THEIR ACKNOWLEDGED INVESTMENT OBJECTIVES AND STATED RISK TOLERANCES DEMONSTRATED THE CLAIMANTS WERE FAMILIAR WITH THE PURCHASED REIT. THEY PREVIOUSLY PURCHASED REITS ON THREE SEPARATE OCCASIONS, FOR WHICH THE CLAIMANT RECEIVED THEIR INITIAL INVESTMENT MONIES BACK AS WELL AS DIVIDENDS AND GAINS. AT EACH REIT PURCHASE, DISCLOSURE FORMS WERE SIGNED AND CLAIMANT CERTIFIED NUMEROUS TIMES IN WRITING THAT THEY WERE BASING THEIR INVESTMENT DECISIONS ON THEIR INDEPENDENT REVIEW OF THE SPONSORS' OFFERING DOCUMENTS. AS OF THE TIME OF THE CLAIM THEY HAD SUSTAINED NO LOSS AND WERE STILL RECEIVING INCOME FROM THE REIT. DUE TO THE EXPENSE OF PROLONGED ARBITRATION, PROTECTED INVESTORS OF AMERICA AND RR CHOSE TO SETTLE RATHER THAN CONTINUE THE DISPUTE.
Date: February 23, 2005 Category: Customer Dispute Allegations: CUSTOMER CLAIMED THEY DID NOT KNOW THEY WERE BUYING COMMISSION PRODUCTS. Damage Amount Requested: $17,000.00 Broker Comment: CUSTOMER'S OWN WORDS IN EMAIL WERE FOUND TO SAY THAT THE ONLY TIME THE REP CALLED HER WAS WHEN HE HAD A PRODUCT TO SELL THAT PAID HIM A NICE COMMISSION.
Date: October 16, 1984 Category: Civil
Date: October 05, 1984 Category: Regulatory Initiated By: SECURITIES AND EXCHANGE COMMISSION Resolution: Consent SanctionDetails: Sanctions: Suspension Broker Comment: AS REGISTERED REPRESENTATIVE OF BELMOUNT REID &CO, RUSSELL W. KETRON WAS ONE OF MANY CO-DEFENDANTS NAMED IN ACIVIL ACTION TAKEN BY THE SEC REGARDING THE SALE OF GOLD COINSFOR FUTURE DELIVERY THROUGH CONTINENTAL MINERALS CORP (ISSUER)DURING THE PERIOD 1980-1981. THE ACTION WAS TAKEN AS A RESULTOF THE ISSUER BANKRUPTCY AND FAILURE TO MINE THE GOLD, WITHALLEGATIONS OF REGISTRATION VIOLATIONS AND INADEQUATEDISCLOSURE TO INVESTORS. THE CONSENT ORDER WAS ENTER ONSEPTEMBER 28,1984 IN WHICH RUSS KETRON NEITHER ADMITTED NORDENIED THE ALLEGATIONS. AS A RESULT OF THE SAME EVENT, THE SECFILED A PARALLEL ADMINISTRATIVE PROCEEDING. BELMONT REID & CO.AS WELL AS MR. KETRON TOOK WHAT THEY THEN CONSIDERED TO BEREASONABLE STEPS TO INVESTIGATE AND PERFORM DUE DILIGENCE ONTHE ISSURER PRIOR TO MAKING SALES. OTHER CO-DEFENDANTS WHO DIDNOT SETTLE APPEALED UNTIL ULTIMATELY PROCEEDING WERE DISMISSEDIN OCTOBER 1986. THIS MATTER WAS CLOSED OVER TEN YEARS AGO ANDIS NO LONGER REQUIRED TO BE DISCLOSED TO ADVISORY CLIENTS. THISDISCLOSURE IS OFFERED ON A VOLUNTARY BASIS. IT IS ON RECORDWITH NASD PUBLIC DISCLOSURE PROGRAM.
More Information
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