INVESTOR ALERT! Sean Kelly and Lion’s Share – Marietta, GA
Sean Kelly, formerly with Center Street Securities and Capital Financial, Subject of SEC Complaint
Have you lost money investing with Sean Kelly from Marietta, Georgia? We are investigating allegations made by the Securities and Exchange Commission (SEC) against Sean Joseph Kelly, formerly with Center Street Securities. Kelly was the subject of a complaint by the SEC, who seeks civil penalties against Kelly and seeks to stop an alleged ongoing fraud. The SEC brought this complaint against Kelly, alleging that Kelly raised at least $1 million from 12 investors under the guise of his “Lion’s Share” businesses.
The SEC alleged that Sean Kelly operated several entities including Lions Share & Associates, Lionsshare Tax Services, and Lions Share Financial of East Cobb, Inc. He raised money, telling investors that he would invest the money in CDs, private placements, and real estate. Instead, the SEC alleges that he used the money to buy Super Bowl tickets, take luxury vacations, and make cash withdrawals. The SEC alleges that he has engaged in this fraud scheme, since 2014, when he was affiliated with Capital Financial Services.
Sean Kelly was a representative of Center Street Securities from August 2017 to October 2018. He also worked with Capital Financial Services from August 2012 to August 2017. He worked at a branch office in Marietta, Georgia. Kelly had also filed for bankruptcy twice, in 2009 and 2014.
Brokerage firms like Center Street Securities and Capital Financial Services 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; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Georgia. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past, including Capital Financial Services, and many others.
Click to view: Kelly, Sean SEC Complaint
Click to view: Kelly, Sean BrokerCheck 10.31.18
If you lost money with Sean Kelly, Lion’s Share, Center Street Securities, or Capital Financial Services, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
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