Kevin Keane, of Chicago, Illinois, a stockbroker currently registered with National Securities Corporation, has been named in a customer initiated investment related arbitration claim, which settled on June 26, 2014, for $11,800.00 in damages based upon allegations that Keane negligently handled the customer’s investment account, breached his fiduciary duties, made misrepresentations to the customer, effected trades in the customer’s account on an excessive basis, and committed fraud in reference to over-the-counter equity transactions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Keane has been named in five additional customer initiated investment related disputes containing allegations of his misconduct while employed with National Securities Corp and Josephthal & Co., Inc. Specifically, on May 8, 2008, a customer initiated investment related written complaint involving Keane’s conduct was settled for $35,000.00 in damages based upon allegations that he churned the customer’s account and effected over-the-counter equity transactions that the customer did not authorize.
Additionally, on March 19, 2012, a customer initiated investment related arbitration claim regarding Keane’s activities was resolved for $40,000.00 in damages based upon allegations that Keane breached his contractual duties to the customer, negligently managed the customer’s account, overconcentrated the customer’s portfolio in equity products, made investment related misrepresentations, and effected stock transactions in the customer’s account that were unsuitable for the customer.
Since August 8, 1994, Keane has been associated with five different broker dealers, four of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #cockroach
Guiliano Law Group
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