Haselkorn & Thibaut, a national investment fraud law firm with over 50 years of experience and a 98% success rate, has opened an investigation into Jeffrey T. Kennedy, a former stockbroker previously associated with Center Street Securities, Inc. in Quincy, Illinois. If you invested with Mr. Kennedy and experienced losses or have concerns about your investments, you may have options for recovering your funds.
Understanding Jeffrey T. Kennedy’s Background
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Jeffrey Thomas Kennedy (CRD# 5094149) is no longer registered with any FINRA-member firm, which itself raises immediate questions for investors who may have worked with him. His employment history includes positions at Center Street Securities, Inc. in Quincy, Illinois, The O.N. Equity Sales Company in St. Louis, Missouri, and Northwestern Mutual Investment Services, LLC.
When a financial advisor leaves the industry or loses their registration, it often signals underlying issues that investors should investigate. Your investments and financial future deserve protection, and understanding your advisor’s background is the first step in safeguarding your assets.
Regulatory Disclosures and Red Flags
According to FINRA BrokerCheck records, Jeffrey T. Kennedy has multiple disclosures on his record that investors should carefully consider:
| Disclosure Type | Number of Incidents | Why This Matters |
|---|---|---|
| Customer Disputes | 4 Total Disputes | Multiple customer complaints suggest a pattern of problematic investment practices |
| Regulatory Actions | 1 Regulatory Event | Shows regulatory authorities found violations serious enough to take formal action |
| Employment Terminations | 1 Termination Disclosure | Indicates potential misconduct that led to job loss |
Detailed Analysis of Customer Complaints
The customer disputes against Jeffrey T. Kennedy paint a concerning picture for investors:
- Dispute #1 (2018): A customer alleged unsuitable investment recommendations, resulting in significant financial losses
- Dispute #2 (2019): Allegations of breach of fiduciary duty and negligent supervision of investment accounts
- Dispute #3 (2020): Claims of unauthorized trading and misrepresentation of investment risks
- Dispute #4 (2021): Accusations of churning accounts and excessive trading to generate commissions
These disputes represent serious allegations that every investor should understand. When multiple customers independently file complaints about similar issues, it often indicates systemic problems with how an advisor manages client accounts.
Why These Red Flags Matter to You
If you invested with Jeffrey T. Kennedy, these disclosures could directly impact your financial situation. Here’s why each type of disclosure is significant:
Customer disputes often involve real financial losses experienced by investors just like you. When four separate customers take the time and effort to file formal complaints, it suggests these aren’t isolated incidents but potentially a pattern of behavior.
Regulatory actions are particularly serious because they involve official findings by FINRA or other regulatory bodies. These aren’t just allegations – they’re determinations that rules designed to protect investors were violated.
Employment terminations in the financial industry rarely happen without cause. When a firm terminates a broker, especially in connection with allegations of misconduct, it’s often because the firm found evidence of behavior that could expose both the firm and its clients to risk.
What Investors Should Do Now
If you’ve worked with Jeffrey T. Kennedy or Center Street Securities, Inc., taking immediate action is crucial. Consider these steps:
- Review all your account statements for unauthorized trades, excessive fees, or unexpected losses
- Gather documentation of all communications with Mr. Kennedy, including emails, notes from phone calls, and account agreements
- Calculate your losses by comparing your investment performance to appropriate benchmarks
- Understand your rights – you may be entitled to recover losses through FINRA arbitration
Time Limits Apply to Investment Loss Recovery
FINRA arbitration claims must generally be filed within six years of the event giving rise to the claim. This statute of limitations means that waiting too long could forever bar your ability to recover losses, even if you have a valid claim.
Many investors don’t realize they have options for recovering investment losses until it’s too late. Don’t let time run out on your ability to seek justice and potentially recover your hard-earned money.
How Haselkorn & Thibaut Can Help
With over 50 years of combined experience and a 98% success rate, Haselkorn & Thibaut has recovered millions of dollars for investors nationwide. The firm operates on a contingency basis, meaning you pay no fees unless they recover money for you.
Investment losses can be devastating, affecting retirement plans, children’s education funds, and financial security. You don’t have to face this situation alone. Experienced investment fraud attorneys understand the complexities of securities law and can evaluate whether you have a valid claim for recovery.
Take Action Today
If you invested with Jeffrey T. Kennedy or have concerns about your investments with Center Street Securities, Inc., now is the time to understand your options. The initial consultation is free and confidential, providing you with valuable information about your rights and potential remedies.
Call Haselkorn & Thibaut today at 1-888-885-7162 for a free consultation. Their experienced attorneys can review your situation, explain your options, and help you understand the best path forward. With their “no recovery, no fee” promise, you have nothing to lose and potentially much to gain.
Don’t wait until it’s too late. Your financial future is too important to leave to chance. Take the first step toward potentially recovering your investment losses by calling 1-888-885-7162 today.
