DID Kevin Lawrence Kelly CAUSE YOU INVESTMENT LOSSES?
Kevin Kelly Of Avantax Investment Services, Inc. Has 5 Customer Complaints For Alleged Broker Misconduct
About Kevin Kelly of Avantax Investment Services, Inc.?
Kevin Kelly (CRD #2293119) is currently affiliated with Avantax Investment Services, Inc. as a registered broker and Avantax Advisory Services as an investment advisor, since March 2021, based in Atlanta, Georgia. He has been active in the financial industry since 1993 and is licensed in 35 U.S. states and territories. Kelly has passed three General Industry/Product Exams and two Multi-State Securities Law Exams. His career includes previous registrations with notable firms such as LPL Financial LLC and Ameriprise Financial Services, Inc., showcasing a robust and diverse experience in the financial advisory sector.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Kevin Kelly Customer Complaints and Reviews
Kevin Kelly has been involved in five customer disputes:
- Customer Dispute (Resolved): In August 2023, Kelly faced a complaint alleging unsuitable investment advice concerning structured notes, which settled in January 2024 for $284,000. He contributed no personal funds to the settlement.
- Customer Dispute (Pending): Another ongoing case filed in May 2024 involves allegations of unsuitability with claimed damages of $900,000. This case is currently under arbitration with FINRA.
- Additional Disputes: There are several other disputes with varied allegations related to the suitability of investments, with one involving damages of nearly $999,000, currently under arbitration.
Allegations Against Kevin Kelly
The allegations against Kevin Kelly primarily involve:
- Unsuitability: Multiple complaints assert that the investment products recommended by Kelly, including structured notes and real estate securities, were not suitable for the clients’ financial goals and risk tolerance.
- Unauthorized Investments: There are claims that some investments were made without proper authorization from the clients, further complicating the suitability concerns.
- Misrepresentation: In some disputes, Kelly is accused of failing to accurately represent the risks associated with the investments.
Kevin Kelly Red Flags & Your Rights As An Investor
Of course, Kevin Kelly did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Kevin Kelly at Avantax Investment Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Kevin Kelly has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Avantax Investment Services, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Avantax Investment Services, Inc. Due To Kevin Kelly
If you have questions about Avantax Investment Services, Inc., Avantax Advisory Services and/or Kevin Kelly and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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