Kevin John Kane, of York, PA, a stockbroker formerly registered with Waddell Reed, was discharged on February 23, 2021, based upon accusations of Kane violating Waddell Reed’s policies by engaging in undisclosed outside business activities and unauthorized communications to investors.
Kane has been identified in four customer initiated investment related disputes concerning allegations of his harmful activities during the time that he was employed by Salomon Smith Barney and Citigroup Global Markets Inc. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that a customer filed an investment related complaint concerning Kane’s activities where the customer sought $68,914.00 in damages supported by accusations of Kane misrepresenting information to the customer in regard to mutual funds and over-the-counter equities when Kane was registered with Salomon Smith Barney. The complaint alleges that Kane failed to follow the customer’s instructions and made unauthorized trades.
Kane is the subject of a different customer initiated investment related written complaint containing allegations that Kane misled the customer relating to allocating their Salomon Smith Barney account in mutual funds. Another customer filed an investment related complaint regarding Kane’s conduct in which the customer requested $21,553.96 in damages founded on accusations of unsuitable trading involving unit investment trusts and mutual funds while Kane was associated with Salomon Smith Barney.
Kane is also identified in a customer initiated investment related written complaint where the customer sought compensatory damages based upon allegations of Kane’s failure to follow the customer’s instructions relating to mutual funds during the time that Kane was employed by Citigroup Global Markets. The complaint alleges that the customer was inappropriately placed in bond funds by Kane.
Kane was registered with Waddell Reed as a stockbroker and investment adviser representative between December 13, 2013, and March 3, 2021. He has been registered with Cambridge Investment Research Inc. as a stockbroker since March 25, 2021, and registered with Cambridge Investment Research Advisors Inc. as an investment adviser representative since May 20, 2021.
