FINRA Bars Broker Kevin Meadows after Allegations of Unsuitable & Excessive Trades
According to the Financial Industry Regulatory Authority (FINRA) on May 28, 2021, the regulator has barred financial advisor Kevin Kimball Meadows (CRD #2878889) after he allegedly failed to provide testimony in FINRA’s investigation into an alleged customer complaint.
Meadows was reportedly suspended for three months in January 2020 after he allegedly excessively and unsuitably traded a senior customer’s accounts that purportedly resulted in a loss of approximately $39,671. FINRA’s findings stated that Meadows purportedly controlled the trading in these accounts by recommending almost all of the trades. Meadows’ alleged trading in the customer’s accounts was reportedly excessive and unsuitable given the customer’s financial circumstances and investment objectives.
According to his FINRA broker record, Meadows reportedly has a history of disciplinary actions, including 5 customer complaints, 3 judgment/liens, 2 regulatory actions and 1 employment separation.
Meadows was reportedly affiliated with the following firms, among others:
IBN FINANCIAL SERVICES, INC. (CRD#:42360), LIVERPOOL, NY 05/17/2018 – 02/15/2020
LOMBARD SECURITIES INCORPORATED (CRD#:27954) Columbus, GA, 01/04/2018 – 02/22/2018
CAPE SECURITIES INC. (CRD#:7072), COLUMBUS, GA 06/19/2013 – 12/31/2017
Potential Lawsuits to Recover Financial Losses
The White Law Group is investigating potential securities claims involving Kevin Meadows and the liability his employers may have for failure to properly supervise his activities.
When brokers abuse client accounts or conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
If you suffered losses investing with Kevin Meadows, the attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against his employers. For a free consultation, with a securities attorney please call (888) 637-5510.
The foregoing information, which is all publicly available, is being provided by The White Law Group.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois.