At least three former customers of financial advisor Brian Kennedy (Camp Hill, Pennsylvania) have filed complaints alleging that Kennedy recommended unsuitable oil and gas investments. Kennedy made the recommendations at issue while he was associated with the brokerage firm Lincoln Financial Advisors. Since leaving Lincoln, Kennedy has spent time with Concourse Financial Group Advisors and Cambridge Investment Research.
Suitability / Regulation Best Interest
Financial advisors have a duty to recommend suitable investments and investment strategies to their clients and otherwise act in their clients’ best interests. A recommendation is only suitable if it comports with the client’s investment objectives, risk tolerance, investment experience, investment time horizon, liquidity needs, and income needs. Together these considerations form the investor’s unique “investment profile.” The duty to recommend suitable investments cannot be disclaimed through risk disclosures or waivers.
Need Assistance?
If you have suffered investment losses as a result of the malpractice or misconduct of Brian Kennedy, our experienced team of investment fraud attorneys may be able to assist you in recovering some or all of your losses. Call us toll-free at 888-607-4819 for a free consultation or email us through our “Contact” page to schedule a free consultation.
