Kevin D. Houser Investigation
June 2023- Allen Town, PA
The FINRA records of Kevin D. Houser , a stockbroker employed by Ameriprise Financial Services, disclose several customer disputes .
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.
In FINRA arbitration 20-02246, a customer of his former employer, LPL Financial, alleged that they invested in BDC’s and Annuities upon Houser’s misleading recommendation, which did not their desire to have only conservative investments. The case was settled for $75,000.
In FINRA arbitration 22-00238, another LPL Financial customer alleged that Houser recommended unsuitable, speculative and high- risk real estate investments. That case was settled for $55,000.
In FINRA arbitration 20-03794, an LPL Financial customer alleged Houser‘s misleading recommendations to invest in Franklin Square BDC, Cole Credit Property Trust IV and CIM REIT did not suit his conservative profile. That case was settled for $75,000.
In currently pending FINRA Case 22-2950, another LPL Financial customer seeks damages of $400,000 and alleges that Houser’s recommendation to invest in a variable annuity and a business development company were unsuitable.
Houser has been employed by Ameriprise Financial Services since 9/2016. He was with LPL Financial prior to that.
If you have losses in an account handled by Kevin D. Houser , contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney, at no cost to you.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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