The investment fraud attorneys at Gana Weinstein LLP are currently investigating American Portfolios Financial Services, Inc. (American Portfolios) broker Jimmy Kuhn (Kuhn). According to BrokerCheck Records kept by the Financial Industry Regulative Authority (FINRA), Kuhn has been subject to four customer disputes. The majority of these concern unsuitable investments, breach of fiduciary duty, and excessive use of margin.
In January 2018, a customer alleged that Kuhn had breached his fiduciary duties, and had placed the customer in unsuitable investments. This case was settled at $70,000.
In December 2015, a customer alleged that Kuhn had breached fiduciary duties, placed the customer into unsuitable investments, misrepresented the investments, and executed unauthorized trades in the account. The dispute was settled at $60,000.
In November 2008, a customer alleged that his margin account was much larger than he had authorized, and that this excessive use of margin led to great damages in his account. The dispute was settled at $150,000.