Stephen Joseph Kipp (Stephen Kipp) Barred from Securities Industry – Goodman & Nekvasil P.A., May Recover Investor Losses

Goodman & Nekvasil P.A., May Recover Investor Losses – Stephen Joseph Kipp (Stephen Kipp) Barred from Securities Industry

Stephen Kipp was licensed with NPB Financial Group, LLC from 2010 to 2016. Stephen Kipp was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on October 27, 2017. FINRA reports that Stephen Kipp failed to respond to FINRA request for information.

FINRA also reports that Stephen Kipp was previously suspended for 20 days and fined $8,000 on November 13, 2014 by FINRA. FINRA reports that Stephen Kipp consented to the sanctions and to the entry of findings that Stephen Kipp caused the creation of falsified business records by permitting Stephen Kipp’s administrative assistant to sign Stephen Kipp’s name on documents that were intended to become business records of Stephen Kipp’s member firm. The findings stated that the firm was not informed that Stephen Kipp’s administrative assistant had placed Stephen Kipp’s signature on these records, and, unknowingly, maintained the falsified documents as business records. The findings also stated that Stephen Kipp caused the firm to maintain business records that were inaccurate, in that they falsely appeared to bear Stephen Kipp’s authentic signature when, in fact, Stephen Kipp’s signature had been falsified by Stephen Kipp’s administrative assistant pursuant to Stephen Kipp’s authorization.

FINRA reports that a lawsuit involving Stephen Kipp’s conduct with National Planning Corporation was filed, alleging professional negligence, breach of fiduciary duty, and fraud. This lawsuit settled for $50,000, with Stephen Kipp contributing $5,000 to the settlement. FINRA reports that Stephen Kipp was terminated by National Planning Corporation prior to this settlement.

If you lost any money on investments with Stephen Kipp, you may be able to recover your losses from NPB Financial Group, LLC. This is because NPB Financial Group, LLC had a duty to supervise Stephen Kipp.

If you lost money on investments with Stephen Kipp 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 NPB Financial Group, LLC concerning Stephen Kipp’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 $300 million on behalf of victimized investors. If you lost money on investments with Stephen Kipp 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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