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Notice to Brian Kennedy Customers: Unsuitable Oil and Gas Investment Complaints Filed

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Updated on: January 19, 2023

Investment Losses with Brian C. Kennedy? Contact KlaymanToskes for Recovery Options

National investment fraud lawyers KlaymanToskes issues a notice to Brian C. Kennedy (CRD# 2321416) customers after the broker and investment advisor received three investor complaints alleging he recommended unsuitable oil and gas investments while at Lincoln Financial Advisors. Following Kennedy’s discharge from Lincoln Financial in 2018, he was licensed with Concourse Financial Group until 2022. He is currently licensed with Cambridge Investment Research, Inc.

Investors that suffered losses with Brian Kennedy may be entitled to a financial recovery. Contact attorney Lawrence L. Klayman immediately at (888) 997-9956 or lklayman@klaymantoskes.com to discuss your legal options at no cost.

Investor Complaints Alleging Unsuitable Oil and Gas Investments

According to Brian C. Kennedy’s FINRA Brokercheck Report, the broker has four public disclosures and at least three investors have filed complaints against him.

    1. Investor alleges Kennedy recommended an unsuitable oil and gas recommendation
      • Pending – alleged damages greater than $5,000 (Filed June 30th, 2022)
    2. Investor alleges Kennedy recommended an unsuitable oil and gas recommendation
      • Pending – alleged damages greater than $5,000 (Filed April 5th, 2022)
    3. Investor alleges Kennedy recommended an unsuitable oil and gas recommendation
      • Pending – alleged damages greater than $5,000 (Filed March 28th, 2022)
    4. Employment separations after allegations (Filed September 26th, 2018)
      • Lincoln Financial Advisors terminated Kennedy after discovering that he , after the termination of his appointment by an insurance carrier, utilized former and current associates of his company who became appointed with that carrier to service the carrier’s non-securities policies he had sold.

How Can I Recover My Losses?

If you suffered investment losses with Brian C. Kennedy while he was at Cambridge Investment Research, Concourse Financial Group, and/or Lincoln Financial Advisors, you are encouraged to contact Lawrence L. Klayman, Esq. at (888) 997-9956 or lklayman@klaymantoskes.com to discuss recovery options.

Unsuitable Investment Recommendations: What Can Investors Do?

FINRA (Financial Industry Regulatory Authority) is responsible for regulating all brokers and brokerage firms. Under FINRA suitability requirements (FINRA Rule 2111) brokers and brokerage firms have a duty to recommend suitable financial products and trading strategies based on their client’s financial interests.

Facts about each investor, such as their financial situation/needs, age, employment status, tax status, investment objectives and experience, risk tolerance, and what other investments they may be holding must be taken into consideration by brokers in order to meet the “reasonable diligence” requirement of FINRA’s suitability rule. These factors help determine the suitability of a particular investment or investment strategy for a particular investor.

KlaymanToskes can help you determine if your investment loss is due to unsuitable investment advice. Depending on your circumstances, you may be entitled to recover losses through FINRA arbitration. KlaymanToskes works on a contingency basis, meaning we do not collect a fee unless we are able to obtain a financial recovery for you.

Contact attorney Lawrence L. Klayman today for a free consultation at (888) 997-9956 or lklayman@klaymantoskes.com.

About KlaymanToskes

KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.

Contact

KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com