Maryland Broker, Kevin John Jedlicka, Suspended by FINRA

Soreide Law Group obtained the following information from FINRA’s March 2018 Disciplinary Report:
Kevin John Jedlicka (CRD #2339602, White Hall, Maryland)
was suspended by FINRA for six months, and due to Jedlicka’s financial status, no monetary sanction has been imposed. Jedlicka consented to the sanction and to the entry of findings that he allegedly engaged in a pattern of unsuitable short-term trading of Class A mutual fund shares and unit investment trusts (UITs) in clients’ accounts.
FINRA’s findings stated that Kevin John Jedlicka’s recommendations caused the clients to incur unnecessary sales charges and were unsuitable in view of the frequency and cost of the transactions. Also, Jedlicka repeatedly recommended that the clients purchase Class A mutual fund shares and UITs, and then sold these securities on a short-term basis.
According to FINRA, the Class A mutual funds that Jedlicka recommended included substantial front-end sales charges and were intended as long-term investments. The majority of the UITs that Jedlicka recommended had maturity dates of at least 24 months and carried sales charges ranging from 1.95 percent to 3.95 percent. However, the average holding period for the Class A mutual fund shares and UITs recommended by Jedlicka was only 106 days.
Also, FINRA stated that some of the transactions involved switching, whereby Kevin John Jedlicka recommended that the clients use the proceeds from the sales of Class A mutual fund shares to purchase other Class A mutual fund shares. Because of these transactions, the clients suffered losses of approximately $206,306.
The FINRA suspension is in effect from January 16, 2018, through July 15, 2018.
(FINRA Case #2016047659701)
According to FINRA’s BrokerCheck, which is available to the public on FINRA’s website, Kevin John Jedlicka has 5 Disclosures on his report, 2 of them were “Employment Separation After Allegations.”  The allegations involved were, “transacting unsuitable transactions and excessively trading customer accounts,” and “ issues involving unfunded variable annuity trade.”
Kevin Jedlicka has been in the securities industry for 20 years and was listed with 9 firms, the 4 most recent are listed below: 
02/05/2016 - 09/07/2017 CAPITAL PORTFOLIO MANAGEMENT, INC. - TIMONIUM, MD
01/30/2015 - 02/01/2016 CHAPIN, DAVIS - BALTIMORE, MD
07/15/2013 - 02/04/2015 BB&T SECURITIES, LLC - HUNT VALLEY, MD
10/19/2010 - 07/16/2013 CHAPIN, DAVIS - BALTIMORE, MD 
If you were a client of Maryland broker, Kevin John Jedlicka, and experienced losses due to his actions or recommendations, contact Soreide Law Group and speak to a lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA.  We operate on a contingency fee basis—no fee to you if no recovery.  Let our experience work for you.