Kevin Lawrence Kelly, of Atlanta, Georgia, a stockbroker registered with Avantax Investment Services Inc., is the subject of a customer initiated investment related complaint filed on June 27, 2024, in which the customer requested damages based upon alleged the unsuitable investment recommendation of structured notes when Kelly was associated with Avantax Investment Services Inc.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Kelly is referenced in five other customer initiated investment related disputes concerning Kelly’s conduct while associated with securities broker dealers. On December 13, 2023, a customer filed an investment related FINRA securities arbitration claim involving Kelly’s conduct in which the customer requested $473,739.14 in damages based upon alleged unauthorized trading and unsuitable recommendations in structured notes during the time that Kelly was associated with Avantax Investment Services Inc. FINRA Arbitration No. 23-03443.
On March 19, 2024, a customer filed an investment related FINRA securities arbitration claim involving Kelly’s conduct in which the customer requested damages based upon alleged unsuitable recommendations in real estate securities during the period that Kelly was associated with LPL Financial LLC. FINRA Arbitration No. 24-00611. The claim alleged that the investments were not consistent with the customer’s risk tolerance and objectives.
Kelly is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $999,000.00 in damages based upon alleged unsuitable advice about exchange traded funds and structured notes during the time that Kelly was associated with Avantax Investment Services Inc. FINRA Arbitration No. 24-01047 (May 14, 2024).
On May 20, 2024, a customer filed an investment related FINRA securities arbitration claim involving Kelly’s conduct in which the customer requested $900,000.00 in damages based upon alleged unsuitable investment recommendations in structured notes. FINRA Arbitration No. 24-01086. Kelly was also referenced in a customer complaint that was settled on January 17, 2024, for $284,000.00 in damages based upon alleged unsuitable advice about structured notes.
Kelly has been associated with Avantax Investment Services Inc. since March 26, 2021, as a stockbroker, and with Avantax Advisory Services since March 29, 2021, as an investment advisor representative.
Kelly was associated with LPL Financial LLC in Atlanta, Georgia from October 20, 2010, to June 3, 2021, and with IFG Advisory LLC in Atlanta, Georgia from November 4, 2013, to June 1, 2021.
