National investment fraud lawyers KlaymanToskes is investigating broker Christopher Kennedy (CRD# 4498061) of Western International Securities, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he churned and excessively traded the accounts of six customers as a registered representative of Western International Securities.
FINRA found that as a result of Kennedy’s excessive trading, the customers collectively lost over $2.3 million, and paid more than $715,000 in total trading costs and margin interest, including over $595,000 in commissions. Kennedy purportedly directed over 5,300 trades, representing net trading of more than $350 million, which resulted in annualized cost-to-equity ratios ranging from 27% to 39% across all of the customers’ accounts.
According to FINRA BrokerCheck, Christopher Booth Kennedy was previously registered with Western International Securities, from 2019 to 2021, when he was terminated due to customer allegations of unauthorized options trading and failure to adhere to discretionary options sales orders. Christopher Kennedy was also previously registered as a broker with Spartan Capital Securities in 2019.
Investors that suffered losses with broker Christopher Kennedy are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigation of broker Christopher Kennedy:
If you suffered losses with broker Christopher Kennedy, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Christopher Kennedy. These signs could potentially indicate broker misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA, brokerage firms such as Western International Securities are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate the specific circumstances of your case is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Christopher Kennedy, or have concerns regarding your investment portfolio at Western International Securities and/or Spartan Capital Securities, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.