Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Regan (Regan), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Regan recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $305,000.00 on October 30, 2023.
Customers, first and second successor trustees of a charitable remainder trust, allege that the Representative failed to invest the trust’s funds in managed advisory accounts according to the trust provisions, and failed to advise customers of same. Customers also allege that their personal assets were not invested in accordance with their risk tolerance or circumstances. The Representative denies the allegations.