Last Updated: October 2023 (Center Valley, PA)
Kevin Houser Investigation Summary
Here’s what you need to know about Center Valley, PA, stockbroker Kevin Houser:
- Name: Mr. Kevin Douglas Houser
- Current Employer: Ameriprise Financial Services
- Previous Firms: LPL Financial
- Function: Stock Broker/ Financial Advisor
- Aliases: Kevin Houser
- Primary Location: Center Valley, PA
- CRD 2513167
- Can Kevin Houser be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement : $75,000
- Has Two Pending Customer Disputes Seeks Cumulative Damages of $246,979
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Kevin Houser As Your Stockbroker?
Three customers of LPL Financial have been paid cumulative damages of Kevin Houser $205,000 to resolve allegations that he recommended unsuitable, speculative investments in alternative investments, including:
- FSKR
- FSEP
- Cole Credit Property Trust IV
- CIM Real Estate Finance Trust
- Franklin Square BDC
- AXA Annuity
In the pending customer complaints two customers of LPL Financial and Ameriprise Financial Services allege that Kevin Houser made unsuitable investments in a variable annuity and a business development company and seek total damages of $249,979.
Allegations of Broker Misconduct Against Kevin Houser
Customers of Kevin Houser have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in unsuitable, speculative alternative investments
- Unsuitable Investment Recommendation to invest in an annuity
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Kevin Houser, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
