Dawson James Securities’ Former Broker, Kennister Daley, Allegedly Engaged in Broker Violations related to non-traded REITs

Kennister Ulesley Daley (Kennister Daley) is a Florida broker. Kennister Daley is currently registered with Allstate Financial Services, LLC. in Boynton Beach, Florida since March 2016. Mr. Daley was previously registered as a broker with Dawson James Securities, Inc. from 2014 to 2016.

According to FINRA’s BrokerCheck Report, Kennister Daley has at least two customer disputes. The most recent event includes an investment-related complaint containing allegations that Kennister Daley sold illiquid, non-traded Real Estate Investment Trusts (REITs), ignoring guidelines regarding such alternative investments.

According Mr. Daley’s record, one of his customers asserted damages of $100,000. The complaint alleged various claimsrelated to the sale of a non-traded REIT such as unsuitability, violation of fiduciary duty owed to customer, breach of contract, violations of securities law, and misrepresentations.

Florida-based law firm Riera Law specializes in handling investment fraud and securities fraud cases on a contingency basis, meaning our firm iscommitted to fight tirelessly on your behalf and receives a fee when we make a recovery of your investment losses for you. 

If you suffered investment losses as a result of getting bad advice from Kennister Daley, you may have a legal claim and be entitled to recover your investment losses. In particular, if you were recommended to invest in a non-traded REIT and have suffered investment losses, you may be eligible for monetary recovery.The SEC and FINRA have both warned investors about the dangers of non-traded REITs investments. Non-traded REITs are complex products that involve certain risks and potential disadvantages that may not be apparent, or easy to understand. Non-traded REITs are illiquid and involve a high degree of risks. Non-traded REITs shares are not listed on a national exchange and are difficult to value because there is no market price readily available.

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