Kevin Joseph Kuhlow (also known as Kevin J. Cullen) of Los Gatos California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related written complaint which was settled for $60,000.00 on January 10, 2019 founded on accusations that the customer had been invested by Kuhlow in worthless unregistered securities.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Kuhlow has been identified in eight additional customer initiated investment related disputes containing allegations of his misconduct during the period that he was employed by securities broker dealers including LPL Financial. On August 21, 2017, a customer initiated investment related civil action regarding Kuhlow’s activities was resolved for $1,350,000.00 in damages supported by accusations that the customer’s account lacked supervision from LPL Financial. Civil Action No. 16CIV01923 (Aug. 21, 2017).
According to the civil suit, the customer had been told by Kuhlow to invest in a preferred stock through a private placement transaction that was not suitable for the customer. The civil suit also alleges that the customer’s funds had been misappropriated by Kuhlow when he was associated with LPL Financial.
On May 16, 2018, another customer initiated investment related arbitration claim concerning Kuhlow’s activities was settled for $140,000.00 in damages based upon allegations that misrepresentations had been made to the customer with regard to a private placement purchase of preferred stock that had been initiated by Kuhlow. FINRA Arbitration No. 17-02634. According to the claim, the customer’s account lacked supervision from the securities broker dealer. A contract between LPL Financial and the customer had allegedly been breached. The claim also indicated that a fiduciary duty that was owed to the customer was breached and that Kuhlow’s negligence resulted in the customer’s losses.
Kuhlow is also the subject of a customer initiated investment related written complaint which was resolved for $60,000.00 on December 26, 2018 founded on accusations that due diligence was not properly undertaken by the stockbroker prior to him positioning private placements. The complaint alleges that the poorly performing investments were in no way suitable for the LPL Financial customer.
Kuhlow has been barred from associating with any FINRA member in any capacity supported by findings that he neglected to cooperate with a FINRA investigation into allegations of his private securities transactions. Letter of Acceptance Waiver and Consent No. 2016048430801 (Mar. 16, 2016). According to the AWC, Kuhlow’s failure to provide information and documents relating to his alleged private securities transactions constituted the violation of FINRA Rules 2010 and 8210.
Kuhlow was discharged by LPL Financial for selling away.