Kyle Robert Franklin of Cameron Park California a stockbroker formerly registered with First Allied Securities is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon accusations of negligence and breach of contract as it pertained to real estate investment trusts and variable annuities purchased through Franklin at First Allied Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-02878 (Sept. 11, 2020).
Franklin has been identified in two additional customer initiated investment related disputes regarding allegations of his improper activities while employed by Hilltop Securities and First Everen Securities. FINRA Public Disclosure reveals that a customer initiated investment related complaint concerning Franklin’s conduct was settled for $16,000.00 in damages founded on accusations that excessive equities trades had been effected in the customer’s Everen Securities account because of the stockbroker. The claim also alleges that the customer was required to pay excessive commissions on Franklin’s trades.
On October 4, 2018, another customer initiated investment related FINRA securities arbitration claim regarding Franklin’s conduct was resolved for $25,000.00 in damages supported by allegations of unsuitable recommendations by Franklin as it pertained to the customer’s variable annuity allocation. FINRA Arbitration No. 18-02734. The claim alleges that the customer sustained damages because of Franklin’s activities at Hilltop Securities.
Franklin was registered with First Allied Securities between October 11, 2013 and February 1, 2017. He was registered with Hilltop Securities between February 1, 2017 and August 22, 2019.