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Kevin Nevin Formerly With Dempsey Lord Smith, LLC and Sandlapper Securities, LLC, Has 5 Customer Complaints For Alleged Broker Misconduct

About Kevin Nevin Formerly With Dempsey Lord Smith, LLC?

Kevin Nevin

Kevin Nevin (CRD #2460059) has a long and varied history in the securities industry but is not currently registered. His career has seen registrations with multiple firms across different states, with the most recent being Dempsey Lord Smith, LLC in Edina, Minnesota from May 2019 to February 2021. Nevin has passed three general industry/product exams—Securities Industry Essentials, General Securities Representative, and Investment Company Products/Variable Contracts Representative—and two multi-state securities law exams—Uniform Investment Adviser Law and Uniform Securities Agent State Law. This background indicates a broad understanding of both general and state-specific securities regulations.

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Kevin Nevin Customer Complaints and Reviews

Kevin Nevin has several negative disclosures including regulatory events, customer disputes, and termination:

  • Regulatory Events (3 incidents):
    • Various sanctions including suspensions due to failures to comply with arbitration awards or regulatory information requests.
    • One bar from association with any FINRA member in any capacity due to failure to request termination of a suspension.
  • Customer Disputes (6 incidents):
    • Allegations ranging from unsuitability to breach of fiduciary duty, involving various investment products like direct investments, DPPs, LP interests, and variable annuities.
    • Settlements in some cases, including a significant one where Nevin was ordered to pay $37,000, which constitutes disgorgement of all commissions received from certain transactions.
  • Termination (1 incident):
    • Discharged by Dempsey Lord Smith, LLC due to failure to adhere to company policies regarding client communications.

Allegations Against Kevin Nevin

  • Regulatory Actions:
    • Allegations included failing to comply with arbitration awards or settlements, and not providing requested information to FINRA, indicating issues with adherence to regulatory standards and protocols.
  • Customer Complaints:
    • Claims of unsuitable investment advice, breach of fiduciary duty, fraud, and negligence, suggesting a pattern of potentially misleading or inadequate investment guidance.
  • Termination:
    • Nevin was terminated for not following firm policies related to the provision of consolidated client statements, reflecting concerns about adherence to internal controls and regulatory compliance.

Kevin Nevin Red Flags & Your Rights As An Investor

Of course, Kevin Nevin 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 Nevin at Dempsey Lord Smith, LLC and Sandlapper Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether Kevin Nevin has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Dempsey Lord Smith, LLC and Sandlapper Securities, LLC 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.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Dempsey Lord Smith, LLC Due To Kevin Nevin

If you have questions about Dempsey Lord Smith, LLC, Sandlapper Securities, LLC and/or Kevin Nevin 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.

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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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