Kevin Clinton Loyd Jr., of Town and Country, Missouri, a stockbroker registered with First Allied Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that Loyd breached a contract, misrepresented material facts, and made the unsuitable investment recommendation of real estate securities during the time that Loyd was associated with First Allied Securities Inc. FINRA Arbitration No. 23-02297 (August 22, 2023).
This is not the first time that Loyd has been referenced in a customer initiated investment related dispute concerning Loyd’s conduct in the securities industry. FINRA Public Disclosure shows that Loyd is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $17,500.00 in damages based upon allegations that Loyd made the unsuitable investment recommendation of direct investments when Loyd was associated with Cetera Advisors LLC. FINRA Arbitration No. 23-02297 (November 16, 2023).
Loyd was associated with Cetera Advisors LLC in Town and Country, Missouri from September 8, 2022, to June 22, 2023, and Cetera Investment Advisers LLC in Town and Country, Missouri from November 12, 2020, to June 22, 2023. He was associated with First Allied Securities Inc. in Town and Country, Missouri from December 16, 2013, to September 8, 2022, and First Allied Advisory Services Inc. from December 19, 2013, to November 12, 2020.
Loyd has been associated with LPL Financial LLC in Town and Country, Missouri since June 20, 2023.
