INVESTOR ALERT! Christopher Parr of Overland Park, KS SUSPENDED
Christopher Parr, formerly with KCD Financial, Suspended Two Years from Securities Industry
Have you lost money with financial advisor Christopher Parr of Overland Park, Kansas? We are investigating allegations made by the Financial Industry Regulatory Authority (FINRA) against Christopher M. Parr. Parr was suspended from the securities industry for two years regarding allegations that he borrowed money from customers and did not disclose such to his former brokerage firm, KCD Financial.
Christopher Parr was previously the subject of an action by the Kansas Securities Commission. The Kansas Securities Commission seeks to punish Parr for borrowing money from a customer without disclosing such to his brokerage firm, KCD Financial. Generally, it is a violation of securities rules and regulations, as well as most brokerage firm’s internal policies, to borrow money from customers, with limited circumstances.
Christopher Parr was a financial advisor and registered representative of KCD Financial, Inc. from 2006 to April 2017. He worked at a branch office in Overland Park, Kansas. Parr has also been affiliated with First Capital Group, Inc., also located in Overland Park.
Brokerage firms like KCD Financial have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Kansas and the Kansas City area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Parr, Christopher Kansas Complaint
Click to view: Parr, Christopher FINRA AWC
If you lost money with Christopher Parr or KCD Financial, please CONTACT US at 720-599-3505 for a free evaluation of your case.