JEFFREY T KENNEDY (Jeff Kennedy CRD#: 5094149) currently registered with Center Street Securities of Quincy, Illinois, has received a “Customer Dispute” listed on his FINRA CRD report, July 12, 2022, according to FINRA’s BrokerCheck. The allegations of the complaint are as follows, “Client alleges that the registered representative recommended unsuitable investments.” The damages requested are $500,000.00.
According to the claims filed against JEFFREY T KENNEDY, allegedly, Kennedy and Center Street Securities, recommended high-risk and speculative investments. The allegations claim that these investments were represented as being conservative or low-risk to clients who wanted to preserve their financial stability through retirement. The claim stated some of these high risk investments included Hospitality Investors Trust and GWG Holdings.
According to FINRA’s BrokerCheck, JEFFREY T KENNEDY, has been in the securities industry for 16 years and has been listed with 6 firms. He currently has 2 disclosures on his FINRA CRD report.
He has been listed with the following firm as a broker since 7/16/2014:
CENTER STREET SECURITIES, INC.
721 N 24TH ST
QUINCY, IL 62301
Kennedy has been listed as a financial advisor since 9/17/2018 with:
CAPITAL ADVISOR NETWORK
721 N 24TH ST
QUINCY, IL 62301
GWG L Bonds carry significant risks to investors. They are definitely not suitable for all investors, particularly retirees or those with moderate to conservative portfolios. GWG Holdings stated in prospectuses that: "Investing in our L Bonds may be considered speculative and involves a high degree of risk, including the risk of losing your entire investment." Soreide Law Group, has filed many claims against various brokerage firms who sold GWG Investments. Investors should pursue all avenues to attempt a recovery of their GWG L Bond losses.
If you or an elderly loved one have experienced losses due to the actions or recommendations of JEFFREY T KENNEDY of Center Street Securities in Quincy, Illinois, or any other broker/financial advisor who may have sold you high-risk GWG L Bonds, contact Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA, and we work for you on a contingency fee basis, no fee if no recovery.
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