KEVIN LEE COFFEY is currently employed as a Broker and/or Investment Adviser at BBVA SECURITIES INC. located at 7870 Vaughn Road, Montgomery, AL, 36116.
KEVIN LEE COFFEY has worked at BBVA SECURITIES INC. since March 14, 2017
Disclosure History
KEVIN LEE COFFEY has 1 Disclosure Event(s).
Date: August 21, 1998 Category: Customer Dispute Allegations: NEGLIGENCE, BREACH OF FIDUCIARY DUTY, FAILURE TO EXECUTE Damage Amount Requested: $52,185.00 Broker Comment: WHILE I WAS INCLUDED IN AN AWARD AGAINST OXFORD FINANCIAL GROUP IN 1999 THIS ARBITRATION JUDGEMENT WAS OVERTURNED BY US DISTRICT COURT ON DECEMBER 27, 2001. A BROKER AT TEXAS CAPITAL SECURITIES APPARENTLY MISHANDLED A CUSTOMER'S BOND CERTIFICATE AND CAUSED THE CUSTOMER FINANCIAL DAMAGE. AT THIS TIME I WAS A RETAIL BROKER AT THE FIRM. I DID HAVE MY SECURITIES PRINCIIPAL LICENSE BUT I HELD NO SUPERVISORY POSITION AT THE TIME THIS ALLEGED EVENT OCCURRED. CUSTOMER SAID BECAUSE I POSSESSED THE SERIES 24 SHE INCLUDED MY NAME ON THE CPMPLAINT. DURING ARBITRATION THE PANELISTS ASKED ME AND THREE OTHER WITNESSES ABOUT MY POSITION AT THE FIRM. UNANIMOUS TESTIMONY WAS I HAD NO SUPERVISORY POSITION AT THE FIRM. ONE OF THE PANELISTS STATED DURING QUESTIONING THAT IT WAS HER OPINION THAT MY POSSESSING THE SERIES 24 MADE ME LIABLE TO THE CLAIM. SHE WAS ABLE TO CONVINCE THE OTHER PANELISTS AS WELL. THE FEDERAL JUDGE REVIEWING THE CASE FOUND THIS ABSURD AND OVERTURNED THE JUDGEMENT, CLEARING MY NAME OF ANY WRONGDOING. RESULTS: FULL AND FINAL JUDGEMENT VACATING ARBITRATION AWARD: DECEMBER 27, 2001; FINAL SETTLEMENT: $24,000 OXFORD/$20,000 EQUISERVE(TRANSFER AGENT); PARTIES: OXFORD FINANCIAL, KEVIN COFFEY, [THIRD PARTY], EQUISERVE/[CUSTOMER].
More Information
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