Last Updated: June 2024 (Town and Country, MO)
Kevin Loyd Investigation Summary
Here’s what you need to know about Town and Country, MO, stockbroker Kevin Loyd:
- Name: Mr. Kevin Clinton Loyd, Jr.
- Current Employer: LPL Financial
- DBA: Legacy Wealth Advisors
- Previous Firms: Cetera Advisors, First Allied Advisory Services
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Kevin Loyd
- Primary Location: Town and Country, MO
- CRD 4447419
- Can Kevin Loyd be sued in FINRA arbitration: Yes
- Sanctioned by Regulators: Yes
- Pending Customer Complaints Seek More Than $300,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Kevin Loyd As Your Stockbroker?
In 2023 the Missouri Securities Division fined Kevin Loyd $4,500 for registration violations.
In 2023 a customer of Loyd’s prior employer filed a FINRA arbitration seeking damages of $300,000, alleging that Loyd made unsuitable recommendations to purchase real estate securities. This matter is currently pending.
A customer of Cetera Advisors filed a FINRA arbitration in 2023 alleging that Loyd recommended an unsuitable direct investment in a limited partnership. Damages of $17,500 are sought in this pending matter.
[LEARN MORE]: See this for more information on REITs and Other Alternative Investments
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
Allegations of Broker Misconduct Against Kevin Loyd
Customers of Kevin Loyd have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations to purchase alternative investments
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Kevin Loyd, 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.
