Kevin Mark Reed, of Fort Wayne, Indiana, a stockbroker formerly registered with Fifth Third Securities, Inc., has been terminated from employment on July 8, 2016, based upon allegations that he altered the documentation of firm customers.
Financial Industry Regulatory Authority (FINRA)Public Disclosure reveals that Reed has been identified in two customer initiated investment related disputes containing allegations of Reed’s misconduct while he was employed with Firth Third Securities, Inc. and Primevest Financial Services. Specifically, on August 16, 2010, a customer filed an investment related written complaint involving Reed’s conduct, in which the customer requested $5,000.00 in damages based upon allegations that Reed effected unsuitable transactions in the customer’s account concerning Cole Credit Property Trust II, Inc. – a real estate security.
Subsequently, on January 31, 2013, a customer filed an investment related written complaint pertaining to Reed’s actions, in which the customer requested $5,035.46 in damages based upon allegations that Reed made unsuitable investment recommendations to the customer concerning a mutual fund investment.
Additionally, the State of Michigan initiated a regulatory action against Reed with the intent to deny Reed’s investment advisor and securities agent registration based upon allegations that Reed, while employed with Fifth Third Securities, Inc., engaged in conduct which was unethical and dishonest, and which violated Michigan Uniform Securities Act (2002), 2008 PA 551, MCL 451.2101 et seq. Case No. 330152 (Aug. 26, 2016).
Since August 1, 2016, Reed has been registered with Packerland Brokerage Services, Inc.
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