Jeffrey Kennedy Facing Center Street Client Disputes

Soreide Law Group is investigating potential claims on behalf of investors who may have suffered losses due to the actions of Jeffrey T. Kennedy [CRD: 5094149, Quincy, Illinois]. He was employed by Center Street Securities Inc. from March 10, 2010, to December 1, 2023. Notably, several clients have filed FINRA Arbitrations against Kennedy, citing unsuitable investment recommendations of alternative products, leading to significant client losses.

Center Street Securities Inc. Investor Accused Kennedy Of Unsuitable Investment Recommendation

Particularly, on September 12, 2023, a Center Street Securities Inc. client filed FINRA Arbitration: 23-02432 about Jeffrey Kennedy. Specifically, the client alleged that Kennedy recommended and sold an unsuitable alternative investment. Because of this, the client allegedly sustained damages. Therefore, the client requested compensatory damages amounting to between $50,000 and $99,999 from Center Street Securities Inc. or Kennedy. Evidently, this arbitration is pending a resolution.

Jeffrey Kennedy Disclosed Suitability Allegations By Center Street Securities Inc. Client

Additionally, a client of Center Street Securities Inc. contested Jeffrey Kennedy’s sales practices by filing FINRA Arbitration: 23-01834 on July 6, 2023. Allegedly, the securities broker made unsuitable investment recommendations. It appears that Kennedy caused the client to sustain damages on alternative investments. Therefore, the client seeks compensatory relief from Center Street Securities Inc. or Kennedy in the amount of $185,000 in this ongoing matter.

Investor Alleges Unsuitable Alternative Investments

Also, on June 22, 2023, a Center Street Securities Inc. client filed FINRA Arbitration: 23-01734 about Jeffrey Kennedy. Evidently, the client alleged that Kennedy recommended alternative investments that were not suitable for the client. Therefore, the client requested $100,001 in compensation from Center Street Securities Inc. or Kennedy. Evidently, this arbitration is pending a resolution.

Center Street Securities Inc. Investor Takes Aim At Kennedy’s Corporate Bond Recommendations

Evidently, on June 15, 2023, a Center Street Securities Inc. client filed FINRA Arbitration: 23-01668 about Jeffrey Kennedy. Evidently, the client alleged that Kennedy gave the customer unsuitable advice regarding corporate bonds. Because of this, the client allegedly sustained damages amounting to $110,000. Therefore, the client requested this amount in compensation from Center Street Securities Inc. or Kennedy. Evidently, this arbitration is pending a resolution.

Jeffrey Kennedy Allegedly Steered Client Toward Unsuitable Alternative Investments

Also, on January 9, 2023, a Center Street Securities Inc. client filed FINRA Arbitration: 22-02945 about Jeffrey Kennedy. Evidently, the client alleged that Kennedy recommended unsuitable alternative investments. As a result, the client reportedly sustained damages exceeding $100,000. Therefore, the client sought compensation from Center Street Securities Inc. or Kennedy. Evidently, this complaint is still awaiting resolution.

Talk To A Securities Lawyer For Losses Involving Jeffrey Kennedy

Did you experience losses because of Jeffrey Kennedy? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Kennedy and brokerage firms he worked for, including Center Street Securities Inc., deny accusations of sales practice violations.