Brian Kennedy Allegedly Sold Unsuitable Oil & Gas Products
Brian Kennedy (CRD# 2321416), a broker registered with Cambridge Investment Research, recommended unsuitable oil and gas products, according to investor disputes. MDF Law is investigating the Camp Hill, Pennsylvania financial professional, who does business as KCA Wealth, for similar conduct. If you have concerns about investments in your accounts, contact us for a free consultation.
This post contains more information about Mr. Kennedy’s professional history. The information below is sourced from his BrokerCheck profile, a Financial Industry Regulatory Authority (FINRA) record.
Pending Disputes Allege Suitability Violations
Between March and September 2024, three parties of investors filed disputes involving Mr. Kennedy. All three allege that he recommended unsuitable oil and gas investments. The disputes, which are still pending, seek cumulative damages of $150,000.
Firm Settled Past Disputes
The above-described disputes are not the only ones in Mr. Kennedy’s professional history. Between March 2022 and October 2023, five other parties of investors lodged disputes that also alleged the unsuitable sale of oil and gas products. His former member firm settled the claims for more than $100,000 in total.
Brian Kennedy Denies Allegations
Mr. Kennedy’s BrokerCheck record includes a “Broker Statement” he issued regarding each of the above-described claims. In each case, he asserted his belief that the allegations are false, and added that the dispute is or was “not an individual customer complaint” against him. Rather, he wrote, the claims were against his former member firm. “I provided suitable investment recommendations to the customer as part of a balanced and diversified portfolio,” he wrote in several of the statements. “All alternative investments were also diversified as a category to further mitigate risk.”
Founder of KCA Wealth Management
As his BrokerCheck profile notes, Mr. Kennedy does business under the brand KCA Wealth Management. That firm’s website includes a profile describing him as the firm’s founder and outlining his professional experience. “With over 28 years of experience in the financial industry, Brian delivers a high level of expertise to his clients in areas ranging from investing to insurance planning,” it reads. “Helping his clients to solve problems and seeing them successfully achieve their goals is what drives Brian in his work each day, and his honest approach allows him to be an advisor, as well as a teacher, guide, and friend to each client.”
FINRA: Cambridge Broker Based in Camp Hill, Pennsylvania
Brian Kennedy launched his career as a broker in 1993, when he registered with Pruco Securities. Over the course of his career, he’s held tenures at firms like Equity Services, Lincoln Financial, and Concourse Financial. He joined his current member firm, Cambridge Investment Research, in 2022. He remains there today, working at its office in Camp Hill, Pennsylvania. With 31 years of experience as a broker, he has completed five industry exams, including the Series 65 and the Series 63.
At MDF Law, We Advocate for Investors
Did you suffer losses on oil and gas products or other unsuitable investments recommended by Brian Kennedy? MDF Law may be able to help you secure a recovery. Call our experienced broker fraud attorneys at 800-767-8040 to receive a free, confidential consultation about your case. You may have a limited window to file a FINRA arbitration claim, so don’t delay: call MDF Law today.