Goodman & Nekvasil P.A, May Recover Investor Losses | James Kennedy, Suspended from Securities Industry and Fired by Securities America, Inc.
From 2015 until James Kennedy’s firing in 2017, James Kennedy worked for Securities America, Inc. James Kennedy previously worked for Saxony Securities, Inc. According to FINRA records James Kennedy was fired on November 9, 2017. Securities America, Inc. reported to FINRA that James Kennedy was fired after being accused of failing to disclose to the firm and update his U4 after being notified he was the subject of a FINRA investigation.
Prior to James Kennedy’s firing, FINRA brought a disciplinary action against James Kennedy in 2017. James Kennedy consented to a 15-business day suspension and a $5,000 monetary fine. James Kennedy consented to the entry of findings that James Kennedy executed discretionary transactions in the accounts of a customer pursuant to her prior verbal authorization, but without written authorization from the customer or written approval from James Kennedy’s member firm.
FINRA reports that a claim was filed alleging sales practice violations against James Kennedy. The claim alleged unsuitable strategy recommendations by James Kennedy. The claim was settled for $350,000.
If you lost any money on investments with James Kennedy, you may be able to recover your losses from Securities America, Inc. and/or Saxony Securities, Inc. This is because Securities America, Inc. and Saxony Securities, Inc. had a duty to supervise James Kennedy.
If you lost money on investments with James Kennedy and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Securities America, Inc. and/or Saxony Securities, Inc., concerning James Kennedy’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Goodman & Nekvasil, P.A. has recovered approximately $180 million on behalf of victimized investors. If you lost money on any investments with James Kennedy and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.