KIRK JAMES CROSSEN (KIRK J CROSSEN) was previously registered with MORGAN STANLEY of Indianapolis, Indiana, from 09/16/2016 - 05/08/2023 and most recently with RAYMOND JAMES & ASSOCIATES of Carmel, Indiana, from 04/12/2023 - 11/16/2023.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, in a “Regulatory” report dated 5/1/2025, KIRK J CROSSEN was suspended indefinitely by FINRA and “Continues until required payment is made or discharged.” The allegations were, “Respondent Crossen failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.”
Another “Regulatory” disclosure filed against KIRK J CROSSEN dated 11/11/2025 alleges, “Crossen was named a respondent in a FINRA complaint alleging that he borrowed a total of $400,000 through three loans from a customer. The complaint alleges that Crossen's member firm's written supervisory procedures (WSPs) did not allow Crossen to borrow from the customer, a trust, because neither it nor its beneficial owner was an immediate family member. At the time of the loans, the beneficial owner was 84 years old and suffering from diminished capacity. The complaint also alleges that Crossen concealed the loans from the firm by falsely stating on annual compliance questionnaires that he had not borrowed money from customers.’
FINRA’s BrokerCheck states that KIRK J CROSSEN has been in the securities industry for 27 years and was listed with 5 firms. Crossen has 5 disclosures on his FINRA CRD report, 2 “Regulatory” disclosures, 2 “Customer Disputes,” and 1 “Employment Separation after Allegations,” dated 10/31/2023 discharging Crossen from RAYMOND JAMES following the allegations of, “Individual alleged to have lacked candor during inquiry into loan from the individuals' former client at prior firm.”
A “Customer Dispute” dated 10/30/2023 filed against KIRK J CROSSEN is still pending. The allegations are, “Claimant alleged, inter alia, that the investments strategy executed in the client's account was unsuitable 2022-2023.” The damage amount requested is $6,000,000.00.
Another “Customer Dispute” filed against Crossen is dated 4/3/2025 and is pending. The allegations are, “Claimant alleges FA (ex-spouse) did not manage their joint accounts in their best interest - 2016 through 2022.” The requested damages are $872,431.07.
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KIRK JAMES CROSSEN (KIRK J CROSSEN) was previously registered with MORGAN STANLEY of Indianapolis, Indiana, from 09/16/2016 - 05/08/2023 and most recently with RAYMOND JAMES & ASSOCIATES of Carmel, Indiana, from 04/12/2023 - 11/16/2023. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, in a “Regulatory” report dated 5/1/2025, KIRK J CROSSEN was suspended […]
RONALD G SMITH (RON G SMITH) was formerly registered with SPARTAN CAPITAL SECURITIES of New York, NY from 07/01/2013 - 12/26/2023, and most recently with SANFORD C BERSTEIN & CO of Stamford, Connecticut from 01/11/2024 – 11/10/2025, was permanently barred by FINRA with the starting date of 11/10/2025. According to the FINRA report, without admitting […]
Jacob Lee Harper (Jacob L Harper, Jake Harper) formerly registered as a broker and a financial advisor, was suspended for twenty-two months and fined $17,500.00 after FINRA alleged he borrowed thousands of dollars from clients without his firm’s knowledge and later allegedly provided false information to regulators. The “Regulatory” disclosure on BrokerCheck is dated 11/10/2025. […]
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