Investigation - Brian Engstrom of Oppenheimer in Tampa, FL

Jeffrey Kinder, formerly of Huntleigh Securities, Suspended 15 Months from Securities Industry


Have you lost money with financial advisor Jeffrey Kinder of St. Louis, Missouri?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Jeffrey Collins Kinder. FINRA suspended Kinder from the securities industry for 15 months and fined him $20,000 after he was alleged to have engaged in short-term trading of Unit Investment Trusts (or UITs) and Class A share mutual funds in five customer accounts.


UITs are not designed for short-term trading because of their commissions and costs of trading.  Between January 2011 and February 2015, Jeffrey Kinder recommended on numerous occasions that his customers sell their UITs and then purchase new, different UITs, and he was alleged to have recommended a similar strategy with regard to Class A share mutual funds.  FINRA alleged this to be unsuitable in view of the frequency and costs of trading, which FINRA alleged to be $98,000.


Jeffrey Kinder was a financial advisor and registered representative of Huntleigh Securities from 2002 to September 2014.  He worked at branch offices in St. Louis, Missouri.  Kinder was also terminated from Huntleigh Securities regarding allegations that he made unauthorized transactions in UITs.


Brokerage firms like Huntleigh Securities 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, Michgan; and Seattle, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Missouri and the St. Louis area.  In 2017, Attorney David Neuman was quoted twice in the St. Louis Post Dispatch.  Our attorneys have represented over one thousand investors against many brokerage firms in the past.


Click to view:  Kinder, Jeffrey FINRA AWC

Click to view:  Kinder, Jeffrey BrokerCheck 1.29.18


If you lost money with Jeffrey Kinder or Huntleigh Securities, 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.