Published On: August 20, 2015

The Financial Industry Regulatory Authority (FINRA) recently sanctioned and barred Julius Kenney, formerly of LPL Financial. FINRA accused Kenney of participating in possible outside business activities, such as selling away. Selling away is when a broker solicits a security not held or offered by his brokerage firm. Typically, these are private placements or other non-public investments. Selling away is a violation of securities laws and LPL Financial had a duty to supervise Julius Kenney to the point where he should not have been able to recommend or sell these types of securities. Because they did not prevent him from doing so, the firm can be held liable for investment losses that may have occurred. Please call our securities law firm at 312-332-4200 to speak with an attorney about your options. We have represented hundreds of investors in their cases against LPL Financial in the FINRA arbitration forum on a contingency fee basis.

Kenney was registered with J.C. Bradford & Co., Mutual Benefit Financial Service Company, Integrated Resources Equity Corp, E.F. Hutton & Co., Lehman Brothers, Salomon Smith Barney, Hartford Equity Sales Company and P.J. Robb Variable Corporation in Memphis, Tennessee until August 2007. He is not currently registered with any member firm or licensed. He has one customer dispute against him. It is pending.

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If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

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