FINRA Law Firm

Did You Suffer Serious Investment Losses While Working With Ex-Western International Securities Broker Christopher Kennedy?

Shepherd Smith Edwards and Kantas Represents Investors Who Have Been The Victims of Financial Advisor Fraud

The Financial Industry Regulatory Authority (FINRA) recently barred former Western International Securities broker Christopher Booth Kennedy. The ex-financial advisor has been accused of different kinds of stockbroker misconduct, including excessive trading, unauthorized trading, improper options trading, unsuitability, misrepresentations, breach of fiduciary duty, breach of contract, and negligence.

Already, claimants have filed FINRA lawsuits collectively seeking millions of dollars for their losses. Kennedy was fired by the broker-dealer in 2021.

The industry bar against Kennedy began in mid-November 2023. FINRA found that he allegedly excessively traded, also known as churning, so he could purportedly earn commissions at the expense of customers. Because of this, investors are believed to have lost more than $2.3M and paid over $715K in trading costs and margin interest, as well as more than $595K in commissions.

The Shepherd Smith Edwards and Kantas FINRA Law Firm (investorlawyers.com) are investigating further claims of investor losses involving Kennedy. We also are currently representing clients who have worked with other Western International Securities financial advisors.

How Can Our FINRA Law Firm Help?

For decades, our stockbroker misconduct attorneys have exclusively represented investors in pursuing the damages they are owed by the broker-dealers whose financial advisors engaged in some type of wrongful or negligent actions. More than 90% of our clients—that is thousands of investors—have received full or partial financial recovery with our help.

Excessive trading, unauthorized trading, and other types of broker fraud can lead to serious investor losses that could have been otherwise prevented. Brokerage firms are required to properly supervise their financial advisors to make sure that such misconduct does not occur. When they fail to oversee their registered representatives and the activities in clients’ accounts, enabling broker fraud in the process, they can be held liable.

Shepherd Smith Edwards and Kantas have represented retail investors, retirees, institutional investors, and high-net-worth individual investors in more than 1000 matters in arbitration, mediation, and litigation. Some of us were once former brokers who left because of so many unsavory practices we witnessed. We now use our knowledge as former insiders of that industry to fight for our clients.

Filing a churning loss lawsuit is not the kind of claim you want to pursue without seasoned securities representation by your side.

 How To Schedule Your Free, No Obligation Case Consultation With Us: 

Fill out our contact form online or call (800) 259-9010 today.