Last Updated: May 2025 – Highlands Ranch, CO
Here’s what you need to know about Highlands Ranch, CO stockbroker Patrick Michael Kelly:
- Name: Mr. Patrick Michael Kelly
- Current Employer: Not currently registered as a broker-dealer,Sigma Planning Corp., SPC as a registered investment advisor.
- DBA: Shamrock Capital, Inc.
- Prior Employers: Sigma Financial Corporation, Presidential Brokerage, Stanford Group Company, Kirkpatrick Pettis, RAF Financial, Hibbard Brown & Co., PaineWebber, First Jersey Securities
- Function: Stockbroker / Registered Investment Advisor
- Aliases: Patrick Kelly
- Primary Location: Highlands Ranch, CO
- CRD Number: 1258726
- Can Patrick Kelly be sued in FINRA arbitration? Yes
- Sanctioned by FINRA (NASD): Yes
- Highest Settlement or Award: $36,000
- Pending Customer Dispute Seeks Damages of: $200,000
If you’ve sustained damages from Mr. Kelly, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Patrick Kelly As Your Stockbroker?
A pending customer complaint was filed by a customer of Sigma Planning Corp. (SPC) in April 2025, alleges that Kelly failed to follow instructions to sell investments to avoid market losses, causing damages of $200,000. The investment was associated with a wrap account managed in-house.
Patrick Kelly has also been the subject of multiple settled disputes. One FINRA arbitration (Case No. 16-00156) filed by a customer of Sigma Financial Corporation alleged misrepresentation and breach of fiduciary duty related to a 2009 direct investment. That case settled for $36,000.
Other settled disputes include:
- A 2004 claim alleging unauthorized trading and churning during his tenure at Presidential Brokerage, settled for $3,000.
- A 2001 claim alleging execution of an incorrect trade while at Kirkpatrick Pettis, settled for $10,000.
- A 1995 arbitration involving allegations of fraudulent inducement and negligence tied to trades at PaineWebber, settled for $25,000.
In 1998, Kelly was sanctioned by the NASD (now FINRA) for engaging in fraudulent sales practices. The complaint alleged he and others made baseless return predictions, material misstatements, and lacked reasonable basis for investment recommendations. He was censured, fined $1,000, and suspended for five days. These actions violated former NASD Rules 2110, 2120, 2310, and 3010.
Other Cases Involving Unauthorized Trading
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Allegations of Broker Misconduct Against Patrick Kelly
Clients of Patrick Kelly have alleged the following misconduct:
- Failure to follow instructions
- Misrepresentations
- Breach of fiduciary duty
- Unauthorized trading
- Churning
- Executed incorrect transaction
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Patrick Michael Kelly, 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.