Karen McKinley – Financial Advisor/Broker Karen McKinley Barred from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Karen McKinley was a previously licensed financial advisor/broker with Morgan Stanley. According to FINRA, Karen McKinley was barred from the securities industry in November 2016.
According to the SEC:
The Securities and Exchange Commission deems it appropriate and in the public interest that public administrative proceedings be instituted against Karen McKinley (“McKinley” or”Respondent”). After an investigation, the Division of Enforcement alleges that on November 17, 2017, a Hillsborough County New Hampshire Grand Jury indicted McKinley on seven counts of Theft by Unauthorized Taking or Transfer (N.H. Rev. Stat. Ann. 637:3); four counts of Financial Exploitation of an Elderly, Disabled, or Impaired Adult (N.H. Rev. Stat. Ann. 631:9); and one count of Falsifying Physical Evidence (N.H. Rev. Stat. Ann. 641:6) in connection with her handling of accounts of an elderly brokerage firm client from Peterborough, New Hampshire. It was alleged that between 2013 and 2016 while she was associated with the brokerage firm McKinley stole nearly $300,000 from the accounts of the elderly client. On October 11, 2018, before the Hillsborough Superior Court in Case No. 216-2017-CR-02034, McKinley pleaded guilty to seven counts of Theft by Unauthorized Taking or Transfer; four counts of Financial Exploitation of an Elderly, Disabled, or Impaired Adult; and one count of Falsifying Physical Evidence. Following her guilty plea, on February 1, 2019, McKinley was sentenced to 7.5 to 15 years in prison, with four years of the sentence suspended for five years. The court also ordered McKinley to have no contact with the victim, her former client.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Karen McKinley and believe 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 concerning Karen McKinley’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.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Karen McKinley 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.
Some of the information in this blog post was obtained on 10/1/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.