FINRA Sanctions Kevin Nevin

Soreide Law Group is investigating possible investor claims against securities broker Kevin Nevin AKA Kevin Mark Nevin [CRD#: 2460059, Edina, MN]. Notably, FINRA sanctioned the securities broker, who worked for Dempsey Lord Smith LLC. Allegedly, Nevin failed to respond to FINRA’s request for information. Here is a brief summary FINRA’s allegations against Nevin.

FINRA Sanctions Dempsey Lord Smith LLC Securities Broker Kevin Nevin For Failure To Respond To FINRA

Evidently, on July 30, 2021, FINRA issued Case #: 2020066224901 sanctioning Kevin Nevin for infractions. Notably, FINRA alleged that Nevin failed to respond to FINRA’s request for information.

Dempsey Lord Smith LLC Securities Broker Sanctioned By FINRA For Failure To Comply

Also, FINRA issued Case #: 21-01008 on July 21, 2021 sanctioning Kevin Nevin for infractions. Allegedly, Nevin failed to comply with an arbitration award or settlement agreement or otherwise confirm compliance with FINRA. Therefore, on July 21, 2021, FINRA issued an indefinite suspension.

According to the Award, on October 6, 2020, a Statement of Claim was filed against Nevin, alleging that he had made unsuitable recommendations while he was associated with Sandlapper Securities LLC. It was also alleged that Nevin's recommendations were high risk, illiquid, caused high commissions, and were not in the best interest of the client. The Arbitrator found that Nevin was properly served with the Claim Notification letter, the Statement of Claim, and the Overdue Notice in late 2020. The Claim Notification letter stated that Nevin was required to respond to the claim electronically. Nevin failed to respond to the notices and, as a result, was found liable for the claims. Nevin then failed to comply with the Award and was suspended by FINRA as a result.

FINRA Sanctions VSR Financial Services Securities Broker Kevin Nevin For Private Securities Transactions

Evidently, on May 23, 2014, FINRA issued Case #: 2012031950301 sanctioning Kevin Nevin for infractions. Specifically, FINRA imposed a six-month suspension and a $37,000 fine. Notably, FINRA alleged that Nevin engaged in a private securities transaction.

Dempsey Lord Smith LLC Securities Broker Discharged For Unauthorized Activities

Also, Dempsey Lord Smith LLC disaffiliated with Nevin. Allegedly, Nevin sent consolidated statements to clients without firm approval.

Kevin Nevin Discloses Sales Practice Violations Allegations By Capital Guardian Client

Evidently, a Capital Guardian client filed FINRA Arbitration #: 13-02372 about Kevin Nevin. Notably, the client alleged that Nevin committed sales practice violations. Because of this, the client sustained damages on variable annuities. Therefore, on August 14, 2013, Capital Guardian settled this matter with the client.

Nevin Accused Of Negligence By VSR Financial Services Client

Also, a client of VSR Financial Services contested Kevin Nevin’s sales practices by filing FINRA Arbitration #: 12-00513. Allegedly, Nevin violated securities laws, acted unethically, made misrepresentations, breached a fiduciary duty, and was negligent. Supposedly, the DPPs and LPs, oil and gas investments, and real estate securities which Nevin sold or recommended had caused the client to sustain damages. Therefore, VSR Financial Services opted to settle the matter on February 16, 2012 by compensating the client in the amount of $361,250.

VSR Financial Services Investor Accuses Kevin Nevin Of Unsuitable Recommendations

Also, a client of VSR Financial Services contested Kevin Nevin’s sales practices, according to a complaint dated April 28, 2010. Allegedly, Nevin made unsuitable recommendations. Supposedly, the DPPs and LPs which Nevin sold or recommended had caused the client to sustain damages. Therefore, the client requested compensatory relief from VSR Financial Services or Nevin in the amount of $73,000. However, this matter was denied.

Recent Employer Information

Kevin Nevin worked for Dempsey Lord Smith in Edina, MN, as a securities broker from May 21, 2019 to February 2, 2021.

Did Dempsey Lord Smith LLC Securities Broker Kevin Nevin Cause You To Experience Damages?

Have you sustained damages by investing with Kevin Nevin? If so, reach out to Soreide Law Group at (888) 760-6552 to talk with a securities lawyer about a possible recovery of your investment losses. Notably, Soreide Law Group has effectively recovered money for investors in all 50 states. The firm represents clients on a contingency fee basis and advances all costs. Nevin and brokerage firms Nevin was employed by deny any and all allegations of sales practice violations.