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Sean Kelly Formerly With Center Street Securities, Inc. and Capital Financial Services, Inc. Has 10 Customer Complaints For Alleged Broker Misconduct

Who is Sean Kelly formerly with Center Street Securities, Inc.?

Sean Kelly

Sean Kelly (CRD #2294170) who was formerly registered with Center Street Securities, Inc. and located in Marietta, Georgia, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Center Street Securities, Inc., Sean Kelly was associated with Capital Financial Services, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Sean Kelly has had his own problems with the authorities. Imprisonment for over 60 months followed by 3 years supervised release and ordered to pay restitution totaling over $1.4 million. The SEC also sued him in a parallel action for the same misconduct which resulted in a permanent injunction, order of disgorgement of over $1.4 million and a monetary fine of $250,000.

Investment Losses? Let’s talk.

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Sean Kelly Customer Complaints

Sean Kelly has been the subject of 10 customer complaints that we know about to recover investment losses. Two of the customer complaints resulted in arbitration awards being entered against Sean Kelly’s employers for his alleged misconduct. Two of the customer complaints were settled in favor of the investors. Another two customer complaints were denied. There are currently 4 FINRA arbitration proceedings pending against Sean Kelly’s former employers for his alleged misconduct.

Allegations Against Sean Kelly

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

  • Misrepresentations, breach of fiduciary duty and unsuitable investment recommendations.
  • Unsuitable recommendations of alternative investments.
  • Misrepresentation of teachers a variable annuity contract.
  • Unlawful guarantee of return on variable annuity contract.
  • Violations of Georgia uniform securities act.
  • Breach of fiduciary duty and negligence.

Sean Kelly Red Flags & Your Rights As An Investor

Of course, Sean Kelly 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 Sean Kelly at Center Street Securities, Inc. and Capital Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Sean Kelly has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Center Street Securities, Inc. and Capital Financial Services, Inc. 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?

best investment fraud lawyers

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 Center Street Securities, Inc. Due To Sean Kelly

If you have questions about Center Street Securities, Inc., Capital Financial Services, Inc. and/or Sean Kelly 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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