Last Updated: August 2025 — Quincy, Illinois
Here’s what you need to know about Quincy, IL, stockbroker Jeffrey T. Kennedy:
- Name: Mr. Jeffrey Thomas Kennedy
- CRD Number: 5094149
- Current Status: Not currently registered with any FINRA-member firm
- Prior Employers:
- Center Street Securities, Inc. (Quincy, IL)
- The O.N. Equity Sales Company (St. Louis, MO)
- Northwestern Mutual Investment Services, LLC (Chesterfield, MO)
- Function: Stockbroker / Financial Advisor
- Primary Location: Quincy, IL
- DBA: Kennedy Wealth Group
- Can Jeffrey T. Kennedy be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Highest Reported Award/Settlement: $80,522 arbitration award
- Pending Customer Disputes: Nine pending cases seeking more than $2.7 million
If you’ve sustained damages from Mr. Kennedy, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jeffrey T. Kennedy As Your Stockbroker?
FINRA Arbitration Case No. 22-02391, filed in October 2022, a customer alleged that Kennedy and Center Street Securities mishandled their investment portfolio by overconcentrating it with unsuitable, illiquid alternative investments—including Non-Conventional Investments (NCIs), Business Development Companies (BDCs), and Limited Partnerships (LPs). In February 2025, the arbitration panel awarded $80,522, plus interest.
This dispute alleged violations of FINRA Rule 2111 (Suitability) and FINRA Rule 2010 (Standards of Commercial Honor and Just and Equitable Principles of Trade) due to unsuitable investment recommendations and failure to diversify
- Currently Pending Cases Include:
- FINRA Case #23-02432 ($99,999 alleged damages)
- FINRA Case #23-01834 ($185,000 alleged damages)
- FINRA Case #23-01734 ($100,001 alleged damages)
- FINRA Case #23-01668 ($110,000 alleged damages)
- FINRA Case #22-02945 ($100,001 alleged damages)
- FINRA Case #22-01937 ($200,000 alleged damages)
- FINRA Case #22-01653 ($1,500,000 alleged damages)
- FINRA Case #22-02365 ($185,000 alleged damages)
- FINRA Case #22-02364 ($220,000 alleged damages)
More on REITs and Other Alternative Investments
Investigations involving Over-Concentration
Allegations of Broker Misconduct Against Jeffrey T. Kennedy
Jeffrey Kennedy has a long history of serious customer complaints, including multiple pending arbitrations and one significant arbitration award. These allegations are centered around:
- Unsuitable Investment Recommendations:
- Overconcentration in Alternative Investments:
- Failure to Conduct Adequate Due Diligence:
- Misrepresentation and Omission of Material Facts:
- Negligent Supervision and Breach of Fiduciary Duty:
Recover Your Investment Losses Now With Rex Securities Law
See this for information on other investigations of Center Street Securities brokers
If you have suffered investment losses in an account handled by Jeffrey T. Kennedy, contact us for a complimentary consultation with an experienced 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.