Jeffrey T. Kennedy of Quincy, Illinois, a stockbroker registered with Center Street Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $99,999.00 in damages based upon allegations that Kennedy made the unsuitable investment recommendation of alternative investments when Kennedy was associated with Center Street Securities Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 23-02432 (September 6, 2023).
FINRA Public Disclosure shows that Kennedy is referenced in ten (10) other customer initiated investment related disputes concerning Kennedy’s conduct while associated with securities broker dealers. On May 30, 2023, a customer initiated investment related FINRA securities arbitration claim involving Kennedy’s conduct was settled for $155,000.00 in damages based upon allegations that Kennedy made unsuitable recommendations in alternative investments during the time that Kennedy was associated with Center Street Securities Inc. FINRA Arbitration No. 22-01240.
On January 9, 2023, a customer filed an investment related FINRA securities arbitration claim involving Kennedy’s conduct in which the customer requested $100,001.00 in damages based upon allegations that Kennedy provided unsuitable advice to the Center Street Securities Inc. customer. FINRA Arbitration No. 22-02945 (December 27, 2022).
On June 15, 2023, a different customer filed an investment related FINRA securities arbitration claim involving Kennedy’s conduct in which the customer requested $110,000.00 in damages based upon alleged unsuitable recommendations in corporate bonds. FINRA Arbitration No. 23-01668 (June 6, 2023).
Kennedy is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,001.00 in damages based upon allegations that Kennedy recommended unsuitable alternative investments. FINRA Arbitration No. 23-01734 (June 14, 2023).
On July 6, 2023, an additional customer filed an investment related FINRA securities arbitration claim involving Kennedy’s conduct in which the customer requested $185,000.00 in damages based upon alleged unsuitable recommendations in alternative investments. FINRA Arbitration No. 23-01834 (June 26, 2023).
Kennedy was associated with Center Street Securities Inc. in Quincy, Illinois from July 16, 2014, to December 1, 2023.
