Public records published by the Financial Industry Regulatory Authority (FINRA) on July 14, 2016 indicate that Illinois-based Stifel Nicolaus broker/adviser Kevin Fitzpatrick has received several customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Fitzpatrick (CRD# 1447182).
Kevin Fitzpatrick has spent 26 years in the securities industry and has been registered with Stifel Nicolaus & Company in Geneva, Illinois since 1994. Previous registrations include Prudential Securities in New York, New York and Merrill Lynch in New York, New York. He is a registered broker and investment adviser with 24 US states and territories.
According to his BrokerCheck report, Kevin Fitzpatrick has been the subject of four customer complaints and has been named in a pending regulatory investigation.
In April 2015, Kevin Fitzpatrick was named in a FINRA investigation into allegations he “engaged in manipulative trading activity that caused an artificial price movement in two securities.” The investigation remains pending.
In 2013, a customer alleged Kevin Fitzpatrick, while employed at Stifel Nicolaus & Company, recommended unsuitable investments without consultation. The complaint settled for $39,500, to which Mr. Fitzpatrick individually contributed $39,500.
In 2002, a customer alleged Kevin Fitzpatrick, while employed at Stifel Nicolaus & Company, engaged in unethical practices and failed to follow an investment strategy. The complaint settled for $50,000, to which Mr. Fitzpatrick individually contributed $25,000.
In 1997, a customer alleged Kevin Fitzpatrick, while employed at Prudential Securities, provided misleading or incorrect information. The complaint settled for more than $6,100.
In 1994, Kevin Fitzpatrick was terminated from his position at Prudential Securities following a “suitability review of certain accounts holding low priced stocks.”
In 1992, Kevin Fitzpatrick was “permitted to resign” from his position at Merrill Lynch following allegations that he solicited low price stock orders and marked solicited order tickets as unsolicited.
In 1992, a customer alleged Kevin Fitzpatrick made unsuitable recommendations and churned the account. The complaint settled for $165,000.
If you or someone you know has complaints regarding Kevin Fitzpatrick, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.