Kevin Joseph Kuhlow of Los Gatos California a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim where the customer requested more than $5,000.00 in damages supported by accusations including (1) misrepresentation (2) breach of contract (3) negligence (4) and breach of fiduciary duty in regard to private placement transactions that were executed away from LPL Financial. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02634 (Oct. 5, 2017).
FINRA Public Disclosure confirms that Kuhlow has been referenced in three additional customer initiated investment related disputes containing allegations of his misconduct since being barred from associating with any FINRA member in any capacity for obstructing a FINRA investigation in violation of FINRA Rules 2010 and 8210. Letter of Acceptance Waiver and Consent No. 2016048430801 (Mar. 16, 2016).
Particularly, between April 18, 2016 and April 29, 2016, two customers filed investment related complaints involving Kuhlow’s conduct in which the customers sought a total of $152,000.00 in damages founded on accusations that Kuhlow failed to conduct due diligence on the customers’ preferred stock and loan transactions executed outside of LPL Financial’s auspices. Additionally, the customers alleged to having incurred catastrophic losses on investments that were not suitable for them.
Additionally, a customer initiated investment related civil action involving Kuhlow’s activities was resolved for $1,350,000.00 in damages based upon allegations that the customers’ funds had been misappropriated; private placement transactions were not appropriate for the customer; and LPL Financial LLC failed to supervise activities relating to the customer’s investments. Civil Action No. 16CIV01923 (Aug. 21, 2017).
Kuhlow’s registration with LPL Financial LLC was terminated on February 16, 2016 supported by accusations that Kuhlow violated the firm’s policy by instructing customers to purchase investments that were not approved by LPL Financial.
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