Haselkorn & Thibaut has initiated an investigation into financial advisor Kevin M. McKenna, a broker based in New York, NY and registered with LPL Financial LLC. Investors who have worked with Kevin McKenna or are currently invested through him may want to take a closer look into their accounts and recent transactions due to a pattern of investor complaints that have surfaced in recent years.
Haselkorn & Thibaut is a national investment fraud law firm with over 50 years of experience representing investors. With a 98% success rate and millions recovered for victims of financial misconduct, the firm operates on a “No Recovery, No Fee” basis. If you believe you’ve been the victim of financial mismanagement, call 1-888-885-7162 for a free, confidential consultation.
Who Is Kevin McKenna?
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Kevin M. McKenna is a registered broker and investment advisor, most recently affiliated with LPL Financial LLC. His BrokerCheck profile reveals a lengthy career in the financial services sector, and he has held licenses with various firms over the years.
While he has long-standing experience in the industry, it’s important to evaluate the full picture — including disciplinary history and client complaints.
Customer Complaints: What You Need to Know
Investor complaints lodged against Kevin McKenna raise potential concerns, especially for clients seeking trustworthy guidance for their retirement or investment portfolios. Below is a summary of known dispute disclosures revealed through FINRA’s BrokerCheck reports.
| Date | Nature of Complaint | Amount | Resolution |
|---|---|---|---|
| April 14, 2022 | Customer alleged unsuitable investment recommendations, failure to supervise, and misrepresentation | $200,000 | Settled for $175,000 |
| June 7, 2018 | Allegations of failure to follow instructions and breach of fiduciary duty | $145,000 | Denied |
| January 3, 2015 | Unsuitable annuity recommendations leading to losses | $80,000 | Settled |
| October 10, 2012 | Customer claimed unauthorized trades | $45,000 | Closed – No action |
These complaints expose a variety of grievances, such as alleged unsuitable investment advice, unauthorized trading, and failure to follow client instructions. While the outcomes of these cases differ — with some being denied or closed without action — the volume and nature of the complaints may be considered red flags by some investors.
Understanding Red Flags
Working with a financial advisor requires a significant amount of trust. When irregularities surface, they often come in the form of the following behaviors:
- Repeated customer complaints over similar practices (e.g., unsuitable investments)
- Settlements that may suggest claims were not unfounded
- Allegations involving misrepresentation or excessive trades without proper disclosure
- Poor communication or failure to follow client’s instructions
If you are seeing unexplained losses, notice activity in your account that you didn’t authorize, or feel your risk tolerance may have been ignored, these could be warning signs of potential investment misconduct.
What Should You Do If You Invested With Kevin McKenna?
If you invested with Kevin McKenna of LPL Financial LLC in New York and you’ve noticed inconsistencies or suffered unexpected financial losses, it is important not to delay.
Time can be a critical factor in pursuing claims through FINRA arbitration, especially because many of these matters have deadlines attached. Investors may not always be aware that they have recourse through arbitration to recover lost funds caused by advisor negligence or misconduct.
Haselkorn & Thibaut is actively investigating Kevin McKenna’s advisory practices and evaluating investor claims tied to his services. The firm offers a private, no-cost consultation to help you understand whether your case qualifies for recovery options.
Why Work With Haselkorn & Thibaut?
- 100% focus on investment fraud cases – the firm does not handle any other type of law.
- 50+ years of combined experience in representing investors nationwide.
- 98% success rate in recovering client losses.
- No out-of-pocket fees. “No Recovery, No Fee”.
You should not have to navigate the FINRA arbitration process alone. If you suspect that you or a loved one has suffered investment losses due to unsuitable advice or mismanagement, now is the time to act.
Check your advisor’s full report on FINRA BrokerCheck for additional history, licenses and registration data.
Get Your Free Consultation Today
A free case evaluation can provide peace of mind, whether it confirms your suspicions or reassures you about your investment strategy. Call Haselkorn & Thibaut today at 1-888-885-7162 to learn more about how you can protect your assets and determine if you are eligible for compensation.
Don’t wait until it’s too late to take action. Financial losses can often be recovered through arbitration, but only if you pursue your rights in time.
Your financial future deserves attention. Let Haselkorn & Thibaut help you navigate the next step toward recovery.
