Kevin Jedlicka – Kevin John Jedlicka, Financial Advisor Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Kevin Jedlicka CRD #2339602
Kevin Jedlicka was formerly licensed with Capital Portfolio Management, Inc., Chapin Davis and BB&T Securities, LLC. FINRA reports that Kevin Jedlicka was suspended from the securities industry for six months in January 2018.
According to FINRA: Kevin Jedlicka consented to the sanction and to the entry of findings that he engaged in a pattern of unsuitable short-term trading of Class A mutual fund shares and unit investment trusts (UITs) in customers’ accounts. The findings stated that Kevin Jedlicka’s recommendations caused the customers to incur unnecessary sales charges and were unsuitable in view of the frequency and cost of the transactions. In connection with these customer accounts, Kevin Jedlicka repeatedly recommended that the customers purchase Class A mutual fund shares and UITs and then sold these securities on a short-term basis. The Class A mutual funds that Kevin Jedlicka recommended included substantial front-end sales charges and were intended as long-term investments. Similarly, the majority of the UITs that Jedlicka recommended had maturity dates of at least 24 months and carried sales charges ranging from 1.95 percent to 3.95 percent. Yet, the average holding period for the Class A mutual fund shares and UITs recommended by Jedlicka was only 106 days. In addition, some of the transactions involved switching – where Kevin Jedlicka recommended that the customers use the proceeds from the sales of Class A mutual fund shares to purchase other Class A mutual fund shares. Because of these transactions, the customers suffered losses of approximately $206,306.
If you lost money on investments with Kevin Jedlicka 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 Kevin Jedlicka’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 Kevin Jedlicka 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.
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