KEVIN RICHARD SULLIVAN is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 359 MAIN ST, STONEHAM, MA, 02180.
KEVIN RICHARD SULLIVAN has worked at LPL FINANCIAL LLC since October 15, 2015
Disclosure History
KEVIN RICHARD SULLIVAN has 1 Disclosure Event(s).
Date: February 20, 2014 Category: Customer Dispute Allegations: CUSTOMER IS UPSET ABOUT THE PERFORMANCE OF THIS ACCOUNT ESTABLISHED ON 5/21/2013 VERSUS THE ACCOUNT PERFORMANCE THEY HAVE ELSEWHERE. Damage Amount Requested: $28,000.00 Broker Comment: CLIENTS INVESTED 150,000 IN MAY 2013. THE APPROXIMATE VALUE AT THE TIME OF THE COMPLAINT WAS $153,000. THE CLIENTS DID NOT LOSE 28,000, THE ACTUAL RETURN ON THE INVESTMENT WAS NET POSITIVE. I MET CLIENTS TWICE WITH PRIVATE BANKER. AT BOTH MEETINGS BEFORE INVESTING WE DISCUSSED INVESTMENT FIT, RISK TOLERANCE AND GOALS WITH THIS PORTION OF MONEY. THE CLIENTS WERE COMFORTABLE WITH THE RECOMMENDATION AND ALLOCATION. THE CLIENTS FORMULA FOR LOSS IS BASED ON OUTSIDE INVESTMENT THAT MADE 19 PERCENT, SO THEY FEEL THEY HAVE 28,000 LOSS, 150,000 X 19 PERCENT=28,500.
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