Chicago Financial Advisor Negligence Attorneys

Did You Suffer Investor Losses While Working With Cetera Broker Colin Kelty? Our Chicago Financial Advisor Negligence Attorneys Are Investigating

Shepherd Smith Edwards and Kantas (investorlawyers.com) is speaking to investors who sustained losses while working with Illinois broker Colin Christy Kelty, who has been a registered representative with Cetera Investment Services since 2011.

There are currently four disclosures on Kelty’s CRD, including a still pending unsuitable investment recommendation lawsuit involving structured products in which the claimant is seeking more than $1.5M in damages. Another still pending case, in which the investor is seeking $240K in damages, is accusing Kelty of failing to liquidate certain securities.

Our broker misconduct lawyers have filed a number of investment loss recovery claims against Cetera over the years. Just two years ago, the broker-dealer paid an $8.5M fine to settle Financial Industry Regulatory Authority (FINRA) charges alleging securities fraud. This included allegations of failing to supervise its registered representatives, unauthorized trading, excessive trading, breach of fiduciary duty, and unsuitable investment recommendations.

If you suspect that your investment losses may have been due to broker misconduct or negligence by Cetera broker Colin Kelty or another financial advisor registered with the firm, contact us today to schedule your free, no-obligation case assessment.

Representing Investors Against Cetera 

Our securities law firm represents investors against Cetera firms and their registered representatives. These have included FINRA arbitration claims against the broker-dealer over losses related to non-traded real estate investment trusts (non-traded REITs) Cole Capital and Arc Realty Finance, Northstar Financial Services (Bermuda) annuities, Beachwood Bermuda, Ark Innovation ETF, Healthcare Trust Inc., NorthStar Healthcare Income REIT, Griffin Realty REIT, and more.

In, 2022, Shepherd Smith Edwards and Kantas, along with Menzer & Hill, PA secured a $2.6M FINRA arbitration award against Cetera broker-dealer First Allied Securities on behalf of two retirees who were allegedly unsuitably recommended a number of illiquid, too-risky investments.

Why Hire Our Cetera Chicago Financial Advisor Negligence Attorneys?

When you work with us, you are hiring a team of savvy securities attorneys, legal assistants, consultants, and others who have over a century’s worth of combined experience in securities law and the securities industry. More than 90% of investors we have represented secured full or partial financial recovery with our help.

We genuinely care about making investors financially whole again and protecting their legal rights. Many of us are former brokers who left that industry because we didn’t like a lot of the unsavory practices we witnessed that were causing investors harm. It is why we decided to become securities attorneys to fight for retail investors, retirees, high-net-worth investors, accredited investors, and institutional investors against broker-dealers and investment advisers.

Call our Chicago Financial Advisor Negligence Attorneys at (800) 259-9010 today or contact us online.