History of Customer Disputes for Unsuitable Investments
The Sonn Law Group is currently investigating Frank Kelly for alleged unsuitable investments. If you suffered losses working with Mr. Kelly, we want to discuss your case. To learn more about your legal rights, contact us today at 866–827–3202 for free legal guidance.
Frank H. Kelly CRD#: 2028226 is a Financial Advisor at HD Vest Investment Services in New Cumberland, PA. Frank Kelly has been in the securities industry since 1991 and previously worked at G.R. Phelps & Co, Inc.
FINRA sanctioned Kelly on May 30, 2019, suspending him from associating with any brokerage firm for three months and fining him $5,000.
The allegations of the FINRA sanction are as follows, “Without admitting or denying the findings, Kelly consented to the sanctions and to the entry of findings that he engaged in an unauthorized trade in a customer’s account.”
The findings also stated that Kelly exercised discretion in the account of customers, when responding to their requests to disburse funds from their accounts.
Kelly has been involved in four customer disputes, all alleging unsuitability, with client damages exceeding $150K.
Jeffrey R. Sonn is a FINRA arbitration attorney with extensive experience handling unauthorized trading claims. If you lost money working with any HD Vest advisor, he is here to help. Please contact our legal team today for a free initial consultation.