Investigation of Christopher Kelly and LPL Financial
Have you lost money with financial advisor Christopher Kelly of Jupiter, Florida? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Christopher B. Kelly. FINRA alleged that Kelly borrowed $150,000 from a customer, in violation of FINRA rules. It was also alleged that Kelly sold a $150,000 investment in his own investment advisory firm to a customer, without disclosing such to his brokerage firm, LPL Financial. To settle these allegations, Kelly agreed to pay a $10,000 fine and was suspended from the securities industry for 4 months.
Christopher Kelly was a financial advisor and registered representative of LPL Financial from 2005 to April 2014. He worked at a branch office in Jupiter, Florida.
Brokerage firms like LPL 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 and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida, and attorney David Neuman is licensed to practice law in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Kelly FINRA AWC
Click to view: Kelly BrokerCheck 2.26.16
HAVE YOU LOST MONEY WITH CHRISTOPHER KELLY OR LPL FINANCIAL?
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