Duluth Broker Kenneth Kolquist Permanently Barred by FINRA

Cetera financial advisor allegedly engaged in gross negligence, breach of fiduciary duty, fraudulent non-discolsure, fraud, and more

Kenneth Kolquist began his career in the financial services industry in 2006 in Duluth, Minnesota. Since his first position with A Plus Financial Group, he has worked for various firms including Securities America, Financial Network, and most recently for Cetera Advisors Networks, where he worked from 2009 to 2015.

While employed by Cetera, Kolquist was accused of:

• Gross negligence
• Breach of fiduciary duty
• Fraudulent non-disclosure
• Fraud
• Failure to transfer retirement accounts in a timely manner

He was terminated by Cetera in October 2015 as a result of the allegations against him, was permanently barred by FINRA in April 2016 after failing to respond and provide the requested information.

Have you ever enlisted the services of Kenneth Kolquist? If you have and suffered any losses as a result of this relationship, you may be able to recover some or all of your losses. For more information on the allegations against him, you can view his BrokerCheck report, a complimentary service provided by FINRA.

The attorneys at Silver Law Group have significant experience representing clients victimized by a trusted advisor’s violation of accounting and securities regulations. We have secured awards for investors whose brokers have breached contracts, given unqualified advice, and conducted improper audits causing substantial losses. Our services are provided on a contingency-fee basis, which means we are only compensated if there is a recovery of losses. For more information, contact us for a complimentary consultation.