Lara Shogren, of Anchorage, Alaska, a stockbroker registered with Key Investment Services LLC, is the subject of a customer initiated investment related complaint filed on November 30, 2023. The customer requested $18,829.93 in damages based upon allegations that Shogren made misrepresentations of material fact in connection with the sale of fixed annuities when Shogren was…
Steven Christopher Lovell of Columbus, Ohio, a stockbroker registered with Key Investment Services LLC, was the subject of a customer initiated investment related complaint that was settled on March 17, 2023, for compensation based upon allegations that Lovell made omissions of material fact about the surrender charges on variable annuities during the time that Lovell…
David Aubrey Dunfee of Bangor, Maine, a stockbroker currently registered with Key Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $210,000.00 in damages based upon allegations that Dunfee financially exploited the customer with regard to the recommendation and sale of variable annuities when…
Key Investment Services LLC a securities broker dealer headquartered in Brooklyn Ohio has been censured and fined $425,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that the securities broker dealer: (1) failed to supervise unit investment trust transactions executed in customer accounts by its stockbrokers (2) neglected to enforce procedures relating to the…
William Newell Bernardi Jr. a stockbroker currently employed by Key Investment Services LLC is referenced in a customer initiated investment related written complaint on October 18, 2018 in which the customer requested at least $5,000.00 in damages supported by allegations that the customer was advised to purchase a Liberty Life Estate Maximizer life insurance policy…
John L. Knight of Ann Arbor Michigan a stockbroker formerly employed by Key Investment Services is referenced in a customer initiated investment related written complaint which was resolved for $13,932.48 on May 18, 2016 supported by accusations that misrepresentations had been made to the customer concerning a fixed annuity issued by Great American Life Assurance…
Tracy Michelle Lund of Hillsborough Oregon a stockbroker formerly employed by Key Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Lund failed to cooperate in a FINRA investigation into allegations of her suspicious transactions involving a customer’s account. Letter of Acceptance…
Christopher Michael Herrmann of Greenwood Indiana a stockbroker formerly registered with Key Investment Services has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made unsuitable investment recommendations to Key Investment Services customers and concealed information…
Michael Scott Hayes of Burlington Vermont a stockbroker formerly employed by Key Investment Services LLC is referenced in a customer initiated investment related written complaint on March 10, 2016 where the customer sought $10,093.70 in damages founded on accusations that misrepresentations had been made to the customer concerning Forethought Life SecureForce Fixed Annuity and Commonwealth…
Matthew I. Levine of Middleburg Heights Ohio a stockbroker currently registered with Key Investment Services LLC is referenced in a customer initiated investment related written complaint on April 10, 2018 in which the customer requested $10,000.00 in damages founded on allegations that misrepresentations had been made to the customer concerning Pacific Life Discovery Xelerator IUL…
Chyrl Larbes of Bethel Ohio is a registered representative with Key Investment Services LLC who is the subject of a customer initiated investment related written complaint which settled for $13,135.52 in damages on January 18, 2017 based upon accusations that misrepresentations had been made to the customer by Larbes concerning a fixed annuity issued by…
Abed Adam Darwish, of North Royalton, Ohio, a stockbroker formerly registered with Key Investment Services, has been fined $7,500.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he utilized customers’ information without consent to create investment accounts and effected…
Key Investment Services, LLC, Next Financial Group, Inc., Stephens Inc., Bankers & Investors Co., and J.J.B. Hilliard, W.L. Lyons LLC were all recently censured and fined by Financial Industry Regulatory Authority (FINRA) for failing to apply sales charge discounts to certain customers’ eligible purchases of unit investment trusts (“UITs”) in violation of FINRA Rule 2010;…