SEC Files Complaint against Sean Michael Kane and Kevin John Kane | Goodman & Nekvasil P.A. May Recover Investor Losses
Sean Michael Kane and Kevin John Kane Investigation
SEC Files Complaint against Sean Michael Kane and Kevin John Kane | Goodman & Nekvasil P.A. May Recover Investor Losses
SEC files complaint against Sean Michael Kane and Kevin John Kane. The suit accuses Kevin John Kane and Sean Michael Kane of failing to disclose to investors that they had been terminated from advisory firm Waddell & Reed and were impersonating certain clients to make securities transactions.
The two brokers were advised they were terminated for violation of company policies including outside business activities, communications with the public and client privacy.
Since March 25, 2921, both have been associated with broker-dealer Cambridge Investment Research as registered representatives and are still affiliated with the firm, according to BrokerCheck.
The SEC’s complaint also alleged that, following their terminations, to persuade some of their clients to join them at their new firm, the Kanes falsely represented to clients that they left their former firm voluntarily. The SEC seeks permanent injunctions and civil penalties.
Goodman & Nekvasil, P.A. May Recover Investor Losses
If you lost any money on investments with Sean Michael Kane and Kevin John Kane, you may be able to recover your losses. If you lost money on investments 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. There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis.
Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on investments and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained on 03/07/23 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.