STEPHEN JOSEPH KENNEDY

STEPHEN JOSEPH KENNEDY is currently employed as a Broker and/or Investment Adviser at WUNDERLICH SECURITIES, INC. located at 200 W. MADISON STREET, SUITE 2950, CHICAGO, IL, 60606.

STEPHEN JOSEPH KENNEDY has worked at WUNDERLICH SECURITIES, INC. since January 02, 2002

Disclosure History

STEPHEN JOSEPH KENNEDY has 8 Disclosure Event(s).

Date: September 27, 2012
Category: Financial
Type: Compromise
Disposition: Discharged

Date: September 01, 2012
Category: Financial
Type: Compromise
Disposition: Discharged

Date: February 19, 2003
Category: Regulatory

Date: January 17, 2003
Category: Customer Dispute
Allegations: 09/30/2000 THRU 06/28/2002.[THIRD PARTY](RR WITH CHICAGO CAPITAL,NEVER WITH WUNDERLICH SEC. INC.,ALLEGED UNSUITABLE INVESTEMENT RECOMMENDATIONS AND FAILURE TO SUPERVISE BY MGTM.
Damage Amount Requested: $89,845.00 Damages Granted: $92,150.00
Broker Comment: [THIRD PARTY],A FORMER BROKER WITH CHICAGO CAPITAL WAS NEVER AN EMPLOYEE OF WUNDERLICH SECURITIES. [THIRD PARTY] WAS THE BROKER FOR THE [CUSTOMERS] ACCOUNTS BUT HE WAS DISMISSED FROM THE CLAIM ONE WEEK BEFORE THE HEARING BECAUSE IT WAS PERCEIVED BY THE CLAIMANTS THAT HE WAS UNABLE TO PAY. KENNEDY WAS NAMED AS A RESPONDENT BECAUSE HE WAS A PRINCIPAL OF THE FIRM.

Date: May 17, 2001
Category: Customer Dispute
Allegations: CLAIM ALLEGES UNAUTHORIZED TRADING, UNSUITABLE AND EXCESSIVE TRANSACTIONS AND BREACH OF FIDUCIARY DUTY WITH RESPECT TO EQUITY TRADING FROM JANUARY 2000 TO MARCH 2001. APPLICANT INTENDS TO VIGOROUSLY CONTEST CLAIM.
Damage Amount Requested: $1,070,946.00
Settlement Amount: $250,000.00
Broker Comment: MR. KENNEDY WAS NOT THE SALESMAN OF RECORD ON THIS COMPLAINT. HE WAS CEO AND PRES. OF CHICAGO CAPITAL AND NAMED BECAUSE OF HIS POSITION WITH THE FIRM.HE HAS NEVER MET OR SPOKEN THE COMPLAINENTS.

Date: November 17, 1999
Category: Regulatory
Initiated By: THE NATIONAL ASSOCIATION OF SECURITIES DEALERS
Allegations: NASD RULES 2110, IM-2110-1, 4632(A), 4730, 6130(B), 6130(D), 3010(B) AND SEC RULES 11AC-1, AND 17A-3(A) - RESPONDENT MEMBER ACTING THROUGH RESPONDENT KENNEDY, EFFECTED FOR THE JOINT ACCOUNT OF PUBLIC CUSTOMERS THE PURCHASE OF SECURITIES AT THE INITIAL PUBLIC OFFERING PRICE IN CONTRAVENTION OF THE NASD'S FREE-RIDING AND WITHHOLDING INTERPRETATION; RESPONDENT MEMBER, REPORTED TRANSACTIONS LATE WITHOUT THE ".SLD" MODIFIER; FAILED TO DECLINE OR ACCEPT TRANSACTIONS IN WHICH THE FIRM WAS THE NON-REPORTING MEMBER WITHIN 20 MINUTES AFTER EXECUTION; INACCURATELY REPORTED TRANSACTIONS TO ACT BY FAILING TO INCLUDE THE ".S" SHORT SALES INDICATOR; EXECUTED TRANSACTIONS IS SOES FOR THE ACCOUNTS OF PERSONS ASSOCIATED WITH THE FIRM WHEN SUCH PERSONS HAD PHYSICAL ACCESS TO A TERMINAL CAPABLE OF ENTERING ORDERS INTO SOES; FAILED TO COMMUNICATE TO THE NASD ITS BEST BIDS AND OFFERS IN TRANSACTIONS; FAILED TO PREPARE OR ACCURATELY PREPARE ORDER TICKETS; AND FAILED TO ESTABLISH, MAINTAIN AND ENFORCE WRITTEN SUPERVISORY PROCEDURES REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH APPLICABLE SECURITIES LAWS AND REGULATIONS AND WITH APPLICABLE RULES OF THE NASD WITH RESPECT TO THE FIRM'S TRADING AND MARKET MAKING ACTIVITIES.
Resolution: Acceptance, Waiver & Consent(AWC) SanctionDetails:
Sanctions: Monetary/Fine SanctionDetails:
Amount: $3,500.00 Sanction Details: RESPONDENT MEMBER AND KENNEDY ARE CENSURED AND FINED $3,500, JOINTLY AND SEVERALLY, AND RESPONDENT MEMBER IS FINED $9,500.

Date: February 22, 1988
Category: Customer Dispute
Allegations: FRAUD, MISREPRESENTATION, NEGLIGENCE,UNSUITABILITY, BREACH OF FIDUCIARY DUTY AND CONTRACT; ALLEGEDDAMAGES IN AMOUNT OF $126,874.86.
Damage Amount Requested: $126,874.86
Settlement Amount: $37,500.00
Broker Comment: WITHOUT ADMITTING LIABILITY, SETTLEMENT REACHEDIN THE AMOUNT OF $37,500[CUSTOMER] OPENED MANAGED ACCOUNT IN OUR ASSETMANAGEMENT GROUP AND SIMULTANEOUSLY OPENED MARGIN AND OPTIONACCOUNTS WITH ME BECAUSE HE WAS INTERESTED IN TRADING OPTIONS.CONTINUED TRADING WITH ME, LARGELY INITIATING OWN TRADES, UNTIL12/85. DURING THAT PERIOD, [CUSTOMER] SUSTAINED LOSSES ANDBLAMED ME AND THE CHICAGO CORPORATION, BRINGING SUIT OVER TWOYEARS LATER.

Date: January 07, 1988
Category: Customer Dispute
Allegations: FRAUD, MISREPRESENTATION, NEGLIGENCE,UNSUITABILITY, BREACH OF FIDUCIARY DUTY, BREACH OF CONTRACT;ALLEGED DAMAGES IN THE AMOUNT OF $163,000
Damage Amount Requested: $163,000.00
Settlement Amount: $67,500.00
Broker Comment: WITHOUT ADMITTING LIABILITY, SETTLEMENT REACHEDIN THE AMOUNT OF $67,500[CUSTOMER] OPENED MANAGED ACCOUNT IN OUR ASSETMANAGEMENT GROUP BUT THEN CLOSED THIS ACCOUNT BECAUSE SHE WASINTERESTED IN OPTIONS TRADING. OPENED OPTIONS ACCOUNT WITH MEAND BECAME ACTIVE OPTIONS TRADER RELYING UPON INDEPENDENT NEWSSOURCES AND HER ASSOCIATION WITH [THIRD PARTY], ANOTHER CLIENTOF MINE, FOR MARKET INFORMATION CONTINUED TRADING WITH ME UNTILJULY, 1985. DURING THAT PERIOD, SHE SUSTAINED LOSSES ANDBLAMED ME AND THE CHICAGO CORPORATION, BRINGING SUIT OVER TWOYEARS LATER

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