Timothy Kenska, Advisor for Citigroup Global Markets, Named in Customer Dispute Seeking $150K

The claimants allege material misrepresentations and unsuitability, among other claims of misconduct.

The Sonn Law Group is investigating allegations that Timothy Kenska committed misconduct. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Timothy Kenska (CRD#: 4894163) was named in a customer dispute in December 2019 seeking $150,000.00 in damages. The claimants are alleging material misrepresentations and omissions, unsuitability, and breach of the implied covenant of good faith and fair dealing in connection with Individual Retirement Account investments from 2015 through the present. 

Kenska has been employed with Citigroup since 2007. He has six other disclosures on his BrokerCheck report.

August 2017 Customer Dispute

• Status: Settled
• Allegations: “Claimant alleges she suffered substantial losses due to the unsuitable investments in her IRA account. June 25, 2015 to present.”
• Damage Amount Requested: $6,000.00
• Settlement Amount: $5,700.00
• Broker Comment: “The firm decided to settle this matter to avoid the costs and risks of protracted litigation. We continue to deny the allegations alleged in the claim. The registered person did not contribute to the settlement. 

June 2017 Customer Dispute

• Status: Settled

• Allegations: “Clients, through their attorney, allege the registered representative solicited them to open an investment solicited them to open an investment advisory account; implemented an unsuitable investment portfolio including the purchase of risky, energy securities; and breached his fiduciary duty when recommending his fiduciary duty when recommending liquidation of their variable annuities which they allege benefitted registered representative only. Occurring dates: 12/2013-1/2017.”
• Damage Amount Requested: $101,000.00
• Settlement Amount: $77,388.00

May 2017 Customer Dispute

• Status: Denied
• Allegations: “Client claimed that she indicated on her account profile that she was a moderate risk investor, and further stated that she always invested in low risk to moderate risk investments. Client alleged that registered representative invested her entire retirement account into Euro Stoxx 50 Index, a high risk security. Occurrence Dates: 6/25/2015- 12/30/2016”
• Damage Amount Requested: $5,983.23

February 2017 Customer Dispute

• Status: Denied
• Allegations: “Client’s attorney alleges registered representative purchased municipal bonds without authorization from client. Additionally, client’s attorney also alleges municipal bonds were unsuitable and registered representative allegedly failed to follow written instructions to sell the municipal bonds. Date of occurrence: October 2016 – February 2017. Damages Unspecified”

January 2014 Customer Dispute

• Status: Settled
• Allegations: “Client alleges, “[The] plan was sold to [him] as very safe, but from the start, it’s been on a downhill slide. . ..” Occurrence date January 2013 – November 2013
• Damage Amount Requested: $15,000.00
• Settlement Amount: $2,500.00
• Broker Comment:  The Firm’s investigation of this matter did not uncover evidence of wrongdoing on behalf of Mr. Kenska. The case was settled based on a business decision, and to avoid the costs and uncertainties associated with potential litigation or arbitration.

October 2013 Customer Dispute

• Status: Denied

• Allegations: “Client claims ‘numerous unethical practices – purchasing securities without our knowledge, excess fees.’ Occurence 12/19/2012

• Damage Amount Requested: $5,301.38
• Broker Comment:  Claim Denied

Contact Us Today

The Sonn Law Group is currently investigating allegations that Timothy Kenska committed misconduct. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.