Last Updated: January 2024 (Indianapolis, IN)
Kirk Crossen Investigation Summary
Here’s what you need to know about Indianapolis, IN, stockbroker Kirk Crossen:
- Name: Mr. Kirk James Crossen
- Current Employer: Not currently registered with FINRA
- Previous Firms: Raymond James & Associates, Morgan Stanley, Wells Fargo Advisors
- Function: Stock Broker/ Financial Advisor
- Aliases: Kirk Crossen
- Primary Location: Indianapolis, IN
- CRD 2742256
- Can Kirk Crossen be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Discharged by a broker-dealer: Yes
- Pending Customer Dispute Seeks Damages of $6 Million
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Kirk Crossen As Your Stockbroker?
A customer of Morgan Stanley filed a FINRA arbitration in 10/2023 which seeks damages of $6 million. The customer alleges that Kirk Crossen executed an investment strategy in their account from 2022-2023 that was not suitable. This matter is currently pending.
After leaving Morgan Stanley in 5/2023, Crossen joined Raymond James. In 10/2023 Raymond James discharged Kirk Crossen and made this allegation on his FINRA record: “Individual alleged to have lacked candor during inquiry into loan from the individual’s former client at prior firm.”
Allegations of Broker Misconduct Against Kirk Crossen
Customers of Kirk Crossen have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Strategy
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
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
Investigations of Other Morgan Stanley Brokers
If you have suffered investment losses in an account handled by Kirk Crossen, 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.
