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Chip Kensinger of BCG Securities, Inc. Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Chip Kensinger of BCG Securities, Inc.?

Chip Kensinger (CRD #1097494) who is currently registered with BCG Securities, Inc. and located in Cedar Rapids, Iowa is a subject of one of our many securities industry sales practice abuse investigations.

Chip Kensinger Customer Complaints

Chip Kensinger has been the subject of 3 customer complaints that we know about, and one of those complaints was filed in the last year to recover investment losses. Two of Chip Kensinger’s 3 customer complaints were settled in favor of investors. One of Chip Kensinger’s customers’ complaints was denied and the customers did not take any further action.

Allegations Against Chip Kensinger

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Client alleges that Chip  Kensinger sold all of her Franklin funds rather than a portion as she had requested, and invested proceeds in UITs, which she claims were inappropriate, without her prior authorization.
  • Customer alleges that his annuity sub-accounts did not perform as expected during market gains as the portfolio was not allocated properly allegedly by Chip Kensinger.
  • Customers claim the features of a variable annuity allegedly purchased by Chip Kensinger were misrepresented.

Chip Kensinger Red Flags & Your Rights As An Investor

Of course, Chip Kensinger did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of  Kensinger at BCG Securities, Inc. on alert to review carefully the activity and Chip performance of their accounts and question whether Chip Kensinger has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at BCG Securities, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At BCG Securities, Inc. Due To Chip Kensinger

If you have questions about BCG Securities, Inc. and/or Chip Kensinger and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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