Stephen Kelbick, Financial Advisor Stephen Kelbick Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Stephen Kelbick CRD #1429133
Stephen Kelbick is a financial advisor who was previously licensed with Wells Fargo Clearing Services, LLC and Morgan Stanley. According to FINRA, Stephen Kelbick was fined $5,000 and was suspended from the securities industry for fifteen days in August 2019.
According to FINRA allegations:
During the Relevant Period, the Firm’s written supervisory procedures prohibited its GSRs from exercising discretion in all customer accounts not specifically approved for discretionary trading. Stephen Kelbick knew that he was not permitted to exercise discretion in the Firm account of Customer A. However, Stephen Kelbick exercised discretionary trading authority in Customer A’s Firm account without obtaining prior written authorization from the customer or Wells Fargo. Specifically, Stephen Kelbick effected approximately 40 trades in Customer A’s Firm account without discussing and receiving approval from Customer A for the trades on the dates of the transactions.
By virtue of the foregoing, Stephen Kelbick violated NASD Rule 2510(b) and FINRA Rule 2010.
Goodman & Nekvasil, P.A. May Recover Investor Losses:
If you lost money on investments with Stephen Kelbick 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 Stephen Kelbick’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 Stephen Kelbick 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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