Ken Sledge: Lincoln Advisor Receives $500K Oil & Gas Complaint

A recent investor complaint against Nashville financial advisor Ken Sledge (CRD# 824533) details allegations regarding an oil and gas investment. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with Lincoln Financial Advisors Corporation.

Mr. Sledge’s BrokerCheck report discloses one investor complaint. Filed in May 2023, it alleges that as a representative of Lincoln Financial Advisors Corporation, he recommended an unsuitable oil and gas investment. The pending complaint alleges damages of $500,000.

In a statement included with the pending complaint’s disclosure, Mr. Sledge pushes back against the claim, whose claimant he describes as a longtime friend and client as well as a sophisticated investor with whom he continues to work. “The client told me that my office was helpful throughout the entire process, and, to my knowledge, this complaint was filed only because the client is unhappy with the performance of the investment in hindsight,” he writes, continuing: “This product was suitable for this client and a lot of research was done by both my office and the client before the client decided to invest. The risks associated with the investment were fully disclosed and the client understood that the performance of the investment was not guaranteed.” He concludes the statement by noting his strong disagreement with the allegations made in the claim.

According to the Financial Industry Regulatory Authority, Ken Sledge holds 46 years of securities industry experience. Based in Nashville, Tennessee, he has been a broker and an investment advisor with Lincoln Financial Advisors Corporation since 1988 and 2004, respectively. His past registrations include the Lincoln National Life Insurance Company (Fort Wayne, Indiana; 1988-2006), Labrec Securities (Nashville, Tennessee; 1983-1989), the Lincoln National Pension Insurance Company (1988-1989), United Capital Securities (1981-1983), Lincoln Financial Advisors Corporation (1976-1982), and the Lincoln National Life Insurance Company (1976-1981). His credentials include the passage of six securities industry qualifying exams: the Registered Representative Examination, or Series 1; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Investment Company Products/Variable Contracts Representative Examination, or Series 6TO; the Direct Participation Programs Representative Examination, or Series 22TO; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Alabama, California, Colorado, Florida, Georgia, Indiana, Kentucky, Maine, Maryland, New Hampshire, New York, North Carolina, Oregon, South Carolina, Tennessee, Virginia, and Washington. (Information current as of June 3, 2023.)

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