Kevin Thomas Moran of San Francisco California a stockbroker formerly registered with Ameriprise Financial Services Inc. has been discharged by Ameriprise on August 10, 2017 supported by accusations that Moran failed to conform to the firm’s policies as a result of his solicitation of equities failing to meet the firm’s ratings and research specifications.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on July 7, 2009, a customer initiated investment related complaint regarding Moran’s conduct was resolved for $14,700.00 in damages based upon allegations that while Moran was associated with H&R Block Financial Advisors, Inc., the customer’s account was negligently handled, fiduciary obligations owed to the customer had been breached, unauthorized and unsuitable closed-end fund and corporate-debt trades were executed in the customer’s account, and the customer’s investment instructions had been disregarded.
Additionally, on May 15, 2017, a customer filed an investment related complaint involving Moran’s conduct in which the customer sought $22,428.45 in damages founded on accusations that the customer was not provided adequate information from Moran concerning the illiquidity of real estate investment trust products, and the securities recommended by Moran for the customer’s account were in no way suitable for the customer.
Since August 24, 2017, Moran has been associated with International Assets Advisory, LLC.
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