FINRA Sanctions Donovan Kelly

Soreide Law Group is investigating possible investor claims against securities broker Donovan Kelly (also known as Donovan Thomas Kelly) [CRD: 2622366, Billings, MT]. Notably, FINRA sanctioned the securities broker, who worked for Independent Financial Group LLC. Allegedly, Kelly engaged in private securities transactions. Here is a brief summary of FINRA’s allegations against Kelly.

FINRA Sanctions Donovan Kelly For Private Securities Transactions

Evidently, on March 16, 2022, FINRA issued Case: 2020067520001 sanctioning Donovan Kelly for infractions. Specifically, Kelly was issued a 7-month suspension as a securities broker, meaning FINRA disallowed him from maintaining an association with FINRA-member firms. Also, the financial regulator issued him a fine in the amount of $10,000. Notably, FINRA alleged that Kelly engaged in private securities transactions involving the sale of promissory notes in an oil and gas drilling company.

FINRA says that altogether, clients invested $688,000 in this company. The regulator also indicated that Kelly did not answer truthfully on compliance questionnaires concerning his participation in private securities transactions.

Kelly Employment Information

• Kelly has worked for Independent Financial Group LLC in Billings, MT, as a securities broker since January 9, 2012.
• Kelly has worked for Independent Financial Group LLC in Billings, MT, as a financial advisor since January 13, 2012.

Damages Resulting From Independent Financial Group LLC Securities Broker Donovan Kelly?

Did you incur damages by investing with Donovan Kelly? Reach out to Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered funds for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Donovan Kelly and brokerage firms Kelly worked for deny any and all allegations of sales practice violations.