Kevin Michael McCluskey of Palm Beach Florida is a stockbroker formerly registered with Deutsche Bank Securities Inc. who is the subject of a customer initiated investment related arbitration claim which settled for $25,000.00 in damages founded on allegations that misrepresentations had been made to the customer concerning a certificate of deposit sale and fixed annuity purchase. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-01879 (Aug. 18, 2017).
FINRA Public Disclosure confirms that McCluskey has been referenced in five additional customer initiated investment related disputes containing accusations of McCluskey’s wrongdoing while employed with Wachovia Securities, LLC, Wells Fargo Advisors LLC, and Deutsche Bank Securities Inc. Specifically, on December 6, 2007, a customer filed an investment related written complaint that pertained to McCluskey’s conduct where the customer sought $101,547.30 in damages based upon allegations of suitability and unauthorized transactions concerning Eaton Vance National Limited Maturity Tax-Free Fund and Eaton Vance National Municipal Fund.
On June 3, 2009, another customer filed an investment related written complaint involving McCluskey’s conduct in which the customer requested more than $5,000.00 in damages supported by accusations that McCluskey’s assets were inappropriately allocated in speculative and high-risk investments, and transactions were placed in the customer’s account without the customer’s authorization.
Then, on July 29, 2011, a customer initiated investment related written complaint concerning McCluskey’s activities was resolved for $491,082.00 in damages founded on allegations that the customer’s municipal debt portfolio was liquidated without the customer’s consent, where the customer’s proceeds were utilized to purchase new bond investments. On May 23, 2014, another customer filed an investment related written complaint that pertained to McCluskey’s conduct where the customer sought more than $5,000.00 in damages based upon accusations that the customer was never apprised about breakpoint discounts applicable on purchases of one family’s mutual fund investments.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that McCluskey was terminated by Deutsche Bank Securities Inc. on September 6, 2016. Since then, he has been associated with Raymond James & Associates, Inc.
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