Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 26, 2018 indicate that former Arizona-based First Allied Securities broker/adviser Kevin Palmer was recently discharged from his former employer and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Palmer (CRD# 1370541).
Kevin Palmer has spent 32 years in the securities industry and was most recently registered with First Allied Securities in Scottsdale, Arizona (2008-2018). Previous registrations include First Montauk in Scottsdale, Arizona (2001-2008); Merrill Lynch in New York, New York (1994-2001); and Painewebber in Weehawken, New Jersey (1985-1994). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on June 18, 2004; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 7, 1985; Series 7 (General Securities Representative Examination), which he obtained on May 18, 1985; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on February 21, 1998. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received two customer complaints and was discharged from his former employer in connection to alleged rule violations.
In February 2018 he was discharged from his position at First Allied Securities and First Allied Advisory Services following allegations he exercised discretion in two customers’ accounts without first obtaining firm approval, in contravention of firm rules.
In 2000 a customer alleged Kevin Palmer, while employed at Merrill Lynch, recommended unsuitable investments. The complaint settled for $31,500.
In 1994 a customer alleged Kevin Palmer, while employed at Painewebber, did not inform them that their investment was in junk bonds. The complaint settled for more than $16,600.
If you or someone you know has lost money investing with Kevin Palmer, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.