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Kevin Meadows Formerly With IBN Financial Services, Cape Securities And Lombard Securities Has 5 Customer Complaints For Alleged Broker Misconduct

Who is Kevin Meadows formerly with IBN Financial Services?

Kevin Meadows (CRD #2878889) who was formerly registered with IBN Financial Services and located in Liverpool, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to IBN Financial Services, Kevin Meadows was associated with Cape Securities, Lombard Securities and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Kevin Meadows has had his own problems with the regulators.  In February 2020, consented to a three-month suspension by FINRA and all capacities for allegedly unsuitably trading and 3 accounts held by a senior client.

Kevin Meadows Customer Complaints

Kevin Meadows has been the subject of 5 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Three of Kevin Meadows’ 5 customer complaints were settled in favor of investors. Two of Kevin Meadows’ customers’ complaints were denied and, to date, the customers have not taken any further action.

Allegations Against Kevin Meadows

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Claimant alleged Kevin Meadows’ unauthorized trades and use of margin in accounts.
  • Claimants alleged Kevin Meadows recommended investments that were unsuitable for them and failed to repay a loan. Claimants generally alleged failure to supervise, excessive trading, breach of fiduciary duty, and unsuitability.
  • Client alleged that Kevin Meadows “was stealing from mother.” Client inherited her mother’s account as a JTWROS after her mother’s death.
  • Kevin Meadows’ breach of fiduciary responsibility in giving advice on the purchase of Zapata stocks.

Kevin Meadows Red Flags & Your Rights As An Investor

Of course, Kevin Meadows did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Kevin Meadows at IBN Financial Services, Cape Securities, and Lombard Securities on alert to review carefully the activity and performance of their accounts and question whether Kevin Meadows has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at IBN Financial Services, Cape Securities, and Lombard Securities also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At IBN Financial Services Due To Kevin Meadows

If you have questions about IBN Financial Services, Cape Securities, Lombard Securities, and/or Kevin Meadows and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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