RedFlags, Allegations and Complaints against MICAH KENNETH KEEL
Disclosure #1 for MICAH KEEL
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- eventDate: 5/14/2014
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Denied
- Disclosure Detail :: Allegations: CLIENT ALLEGES CERTAIN REIT TRANSACTIONS WERE UNSUITABLE IN 2013.
- Arbitration Docket Number:
- Broker Comment: THIS CLIENT IS A HIGH NET WORTH CLIENT WITH EXTENSIVE INVESTMENT EXPERIENCE. IN MAY OF 2013, THE CLIENT’S GOAL WAS TO CONSOLIDATE A SERIES OF SMALL FRAGMENTED MUTUAL FUNDS INVESTMENTS. THE CLIENT FELT THE FUNDS WERE NOT PRODUCING SATISFACTORY GROWTH AND INCOME. THE CLIENT’S GOAL WAS TO DIVERSIFY INTO ALTERNATIVE ASSET CLASSES THAT THE CLIENT DID NOT ALREADY HOLD. THE CLIENT’S PORTFOLIO DID NOT CONTAIN ANY REIT EXPOSURE, SO WE REVIEWED SEVERAL NON- TRADED REIT OPTIONS AND THE CLIENT ELECTED TO INVEST IN TWO NON-TRADED REITS. AFTER SEVERAL MEETINGS WITH THE FINANCIAL ADVISOR IN JULY OF 2013 THE CLIENT INVESTED $50,000 IN A HEALTHCARE REIT AND $50,000 IN A RETAIL LEASE BACK REIT. AFTER RESEARCHING THE REIT INVESTMENT OPTIONS THE CLIENT FELT THAT INVESTING IN THESE TWO REIT SECTORS WOULD BE A GOOD LONG-TERM INVESTMENT. BECAUSE OF THE ILLIQUID NATURE OF THE NON-TRADED REITS, THE ADVISOR MADE SURE THAT THE ALLOCATION WAS LESS THAN 5% OF THE CLIENT’S LIQUID NET WORTH. IN A REVIEW MEETING CONDUCTED IN JANUARY 2014, THE CLIENT WAS QUITE PLEASED WITH THE TWO REIT INVESTMENTS. IN MARCH OF 2014, THE CLIENT HAD A CONVERSATION WITH A FRIEND WHO IS A RETIRED FINANCIAL ADVISOR. THE RETIRED FINANCIAL ADVISOR TOLD THE CLIENT THAT NON-TRADED REITS, IN HIS OPINION, ARE HIGH RISK BAD INVESTMENTS. AT THIS POINT THE CLIENT HAS DECIDED THAT THE FINANCIAL ADVICE TO INVEST IN THESE 2 REITS WAS UNSUITABLE.
Should I file a FINRA complaint against brokers like MICAH KENNETH KEEL?
Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.
Update – 2022.11.15If you have suffered investment losses that may have been caused by MICAH KENNETH KEEL’s negligence or fraud, contact a FINRA lawyer today. Most FINRA lawyers work on a contingency fee basis, meaning that you will not be charged for their services unless they successfully collect money for you. Kindly add a comment, or contact us directly if you have any query, or want to be contacted by a FINRA lawyer today!
Frequently Asked Questions About MICAH KENNETH KEEL
What is MICAH KEEL’s Central Registration Depository (CRD) Number?
Which firm is MICAH KENNETH KEEL associated with?
KESTRA INVESTMENT SERVICES, LLC
Where is MICAH KEEL located?
1226 N. Tamiami Trail, Sarasota, FL, 34236
Where can I find more details about MICAH KEEL’s Investment Firm?
Visit https://brokercheck.finra.org/firm/summary/42046 to read a detailed report for KESTRA INVESTMENT SERVICES, LLC
Are there any disclosures, allegations or complaints filed against MICAH KENNETH KEEL?
Where can I download a detailed FINRA report for MICAH KEEL?
Is it safe to do business with MICAH KENNETH KEEL?
We’re not sure. Please research MICAH KEEL’s disclosures, allegations and complaints before taking a decision
Originally reported on November 16, 2022 @ 12:46 am
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