Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on March 13, 2019 indicate that former Texas-based ProEquities broker Kenneth Butschek, who has received a pending customer dispute, was recently terminated from a former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Butschek (CRD# 1388190).
Kenneth Butschek has spent 33 years in the securities industry and was most recently registered with ProEquities in Hallettsville, Texas (2004-2019). Previous registrations include Securities Management & Research in Cedar Rapids, Iowa (1987-2004); Philadelphia Life Asset Planning Company (1986-1987); and Southwestern Management & Research Corporation (1985-1986). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on October 25, 1985; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on September 27, 1985. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one pending customer complaint and three unsatisfied judgments or liens, and he was recently discharged from a former employer in connection to alleged rule violations.
In February 2019 he was terminated from his position at ProEquities in connection to allegations he solicited a firm client to invest in a “personal investment opportunity” which involved an outside business activity he was involved in without the firm’s knowledge or approval, and that he deposited a $60,000 client check into a personal checking account.
In January 2019 a customer alleged Kenneth Butschek, while employed at ProEquities, deposited funds the customer provided for an investment into his personal bank account. The customer is seeking $13,185 in damages in the pending complaint.
In 2017 the Internal Revenue Service filed a tax lien totaling $12,816 against him. The lien remains outstanding.
In 2016 the Internal Revenue Service filed a tax lien totaling $10,816 against him. The lien remains outstanding.
In 2015 the Internal Revenue Service filed a tax lien totaling $24,002.76 against him. The lien remains outstanding.
If you or someone you know has complaints regarding Kenneth Butschek, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.