Last Updated: February 2025, Rosenberg, TX
Kevin J. Herne Investigation Summary
Here’s what you need to know about Rosenberg, TX stockbroker Kevin J. Herne:
- Name: Mr. Kevin John Herne
- Current Status: Not currently registered
- Prior Employers: LPL Financial LLC, Wealth Enhancement Brokerage Services, LLC, Securian Financial Services, Inc.
- Function: Stockbroker / Financial Advisor
- Aliases: Kevin Herne
- DBA: Herne Wealth Management, Capitas Financial of Houston
- Primary Location: Rosenberg, TX
- CRD#: 5320629
- Can Kevin Herne be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? Yes
- Regulatory Actions: Pending FINRA regulatory complaint
- Criminal Record: One prior felony charge (dismissed), one pending felony charge
- Discharged by a prior employer: Yes, failure to disclose felony charge
- Outstanding Judgment/Lien: Yes
If you’ve sustained damages from Mr. Herne, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation
Did You Lose Money With Kevin Herne As Your Stockbroker?
Kevin J. Herne is facing a pending FINRA regulatory complaint (Case No. 2022076589301), initiated on January 30, 2025. FINRA alleges that Herne willfully failed to disclose a felony charge on his Form U4 and withheld this information from his employer for over two years. The felony charge, filed in the State of Texas, was for Continuous Violence Against the Family.
Additionally, Herne has a pending criminal case in Harris County, Texas (Docket No. 167549101010-3), in which he was formally charged with Continuous Violence Against the Family in May 2020.
FINRA contends that Herne’s failure to disclose these material facts violates ethical and regulatory standards governing broker conduct.
Herne discloses a currently outstanding judgment in the amount of $24,406 filed in Harris County, Texas.
Allegations of Broker Misconduct Against Kevin Herne
Regulators and law enforcement have alleged the following misconduct against Kevin Herne:
- Failure to Disclose Felony Charge: Herne was aware of the felony charge but did not amend his Form U4 as required within 30 days. FINRA had to inform LPL Financial of the charge, at which point the firm updated his records. (Violates FINRA Rule 1122 – Filing of Misleading Information).
- Regulatory Sanctions & FINRA Complaint: FINRA has filed a formal complaint against Herne, alleging willful misconduct and violations of disclosure rules. (Violates FINRA Rule 2010 – Standards of Commercial Honor and Principles of Trade).
- Employment Termination for Non-Disclosure: LPL Financial terminated Herne’s employment on February 3, 2023, citing his failure to disclose the felony charge in a timely manner.
The Financial Industry Regulatory Authority (FINRA) is responsible for regulating stockbrokers and brokerage firms. FINRA mandates that brokers disclose customer complaints, regulatory sanctions, and employment terminations to protect investors and ensure industry transparency.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Kevin J. Herne, 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.