Charles Kenahan, Former Merrill Lynch Broker, Hit with $42 Million Customer Dispute Alleging Churning

Last month, Merrill Lynch paid out $40 million on a customer dispute, also filed against Mr. Kenahan

Did you lose money investing with Charles Kenahan? Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation on your case. Under FINRA Rules, brokerage firms are responsible for brokers’ misconduct, and you may be able to recover some or all of your investment through FINRA arbitration.

Charles Ernest Kenahan (CRD# 1351974) is a previously registered broker and investment advisor. From 2007 to 2019, Mr. Kenahan was a registered representative with Merrill Lynch based in Boston, Massachusetts.

Mr. Kenahan was discharged from his position with Merril Lynch on July 9, 2019, following allegations that Mr. Kenahan engaged in unauthorized and excessive trading and that he made unsuitable investment recommendations, both indicators of broker churning.

Last month, Merrill Lynch last paid out a settlement of $40 million to an investor over substantially similar claims, according to Mr. Kenahan’s BrokerCheck report. Two other customer disputes filed against the broker are also still pending. One, filed February 2, 2018, is requesting over $42 million in damages, while the other is requesting $700,000.

Prior to working with Merrill Lynch, Mr. Kenahan was most recently a representative of Morgan Stanley (1994–2007) and Sm

Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional or corporate executive misappropriated funds, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.