KEVIN WILLIAM KELLY

KEVIN WILLIAM KELLY is currently employed as a Broker and/or Investment Adviser at CENTENNIAL SECURITIES COMPANY, INC. located at 7678 COTTONWOOD, JENISON, MI, 49428.

KEVIN WILLIAM KELLY has worked at CENTENNIAL SECURITIES COMPANY, INC. since January 29, 1998

Disclosure History

KEVIN WILLIAM KELLY has 1 Disclosure Event(s).

Date: September 06, 2017
Category: Customer Dispute
Allegations: [Customer] had an account with Centennial Securities Company that was concentrated in individual equities, specifically in the energy sector. In July of 2015, the relationship between Centennial and the registered representative with whom [customer] was working was terminated and [customer's] account was transferred to another representative, Mr. Kelly. [Customer] claims that between July and September of 2015, his account was not given the proper level of attention which caused his account balance to significantly decline in value. Mr. Kelly, however, claims that he told [customer] on several occasions that he should sell all of his positions and move to a more diversified portfolio of mutual fund investments and that had he listened, the decline in value would have been greatly mitigated. [Customer] closed his account on October 6, 2015 and is now seeks monetary damages for losses he experienced. No amount of damages has been specified by [customer].
Settlement Amount: $40,000.00

More Information

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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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