biographical data

Kenneth Welsh biography: 13 things about ex-Wells Fargo advisor from River Edge, New Jersey 

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Kenneth Andrews Welsh is a resident of New Jersey, United States. Here are 13 more things about him:

  1. He lives in River Edge, New Jersey. (a)
  2. Aside from River Edge, he has lived in other parts of New Jersey including Branchburg, Clifton, Elmwood Park, Totowa, Montclair, Bloomfield, Roebling and Fairfield. (b)(c)
  3. He previously lived in Sunset, South Carolina, USA and in Punta Gorda, Florida, USA. (c)
  4. He is a former broker and investment advisor. (a)
  5. From 2004 to 2007, he worked for Morgan Stanley DW Inc. (d)
  6. From 2007 to 2009, he worked for Morgan Stanley & Co. Incorporated. (d)
  7. From 2009 to 2012, he worked for Morgan Stanley Smith Barney. (d)
  8. In 2012, he became a registered advisor with Wells Fargo Clearing Services, LLC, which is based out of Fairfield. He offered financial planning services, pension consulting services, portfolio management for individuals, businesses and institutional clients and election of other advisers. (a)(d)(e)
  9. While serving in his capacity as an investment advisor employed by a large brokerage firm, he misappropriated at least $2.86 million from five clients from July 2017 through March 2021. (a)
  10. From January 2016 to January 2021, he allegedly transferred funds from his clients’ and customers’ accounts to pay off balances in credit card accounts held in the names of his wife and parents and caused checks to be fraudulently drawn on his clients’ and customers’ accounts. (f)
  11. In June 2021, Wells Fargo Clearing Services, LLC fired him after allegations were made that he may have misappropriated client funds. (g)
  12. On October 28, 2021, he was arrested at his home in River Edge. He was charged with one count of investment advisor fraud and four counts of wire fraud. On the same day, the Securities and Exchange Commission filed a complaint against him, accusing him of making at least 137 fraudulent transactions and using the stolen funds to buy luxury goods, gold coins and other precious metals and make electronic fund transfers to himself. (a)(f)
  13. He was 41 years old when he was arrested on October 28, 2021. (a)

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