Investors potentially incurred losses because of securities broker Steven Foreman Kahn [CRD: 1001362, Chicago, Illinois], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Kahn has been registered with American Trust Investment Services Inc. since May 8, 2014. See the following information to discover more about this broker’s disclosures and related client dispute.
A breach of fiduciary duty occurs when a securities broker or financial advisor fails to act in the best interests of their client. Brokers owe a duty of loyalty and care, meaning they must make investment recommendations that align with a client’s financial objectives, risk tolerance, and overall interests. When a broker places their own financial gain above a client’s welfare or fails to disclose material conflicts of interest, it may constitute a breach of fiduciary duty.
Additionally, an American Trust Investment Services Inc. client filed FINRA Arbitration No. 24-01703 about Steven Kahn. Primarily, the client alleged that Kahn breached his fiduciary duty, was negligent, made negligent misrepresentations, and engaged in elder abuse. Because of this, the client allegedly incurred damages relating to GWG L-Bonds. As a result, on January 9, 2025, a FINRA Arbitration Panel issued an Award ordering American Trust Investment Services Inc. and Kahn to pay the client $10,000 in damages.
Do you need clarification on any investment losses relating to Steven Kahn? You can get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a possible recovery of your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee basis and advances all costs. Kahn and brokerage firms Kahn worked for deny allegations of sales practice violations.
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