Broker-Advisor Kevin Richard Wilson (CRD# 3262701) is currently a registered securities broker with National Securities Corporation in New York City. According to FINRA’s BrokerCheck report, Wilson has been registered with the firm’s Park Avenue branch since August 2017. He was previously registered with Laidlaw & Company (UK) Ltd. in New York City from October 2010 to September 2017.
Wilson’s CRD report indicates he is currently facing four pending consumer-initiated complaints. Those pending disputes stem from allegations made by investor clients while Wilson was employed by Laidlaw & Company.
Pending customer disputes against Wilson include:
- November 2018 – On November 27, 2018, FINRA received a customer complaint against Wilson alleging unsuitable recommendations and alleged damages totaling $500,000. The pending dispute involves over-the-counter (OTC) equity securities, common and preferred stock, and private placements.
- October 2018 – In a customer complaint from October 4, 2018, a client alleged that Wilson made unsuitable investments of private placements from 2010 to 2017. The client in this matter is seeking $2 million in alleged losses.
- July 2018 – A customer complaint received by FINRA on July 9, 2018 claims Wilson was responsible for $457,000 in alleged damages over unsuitability and overconcentration of private placements between the years of 2009 and 2017.
- December 2017 – A customer complaint filed in December of 2017 raises allegations of misrepresentation involving private placements. The investor is seeking $75,000 in alleged damages.
Investors who worked with Mr. Wilson may wish to consider thoroughly reviewing their portfolios and investments for potential signs of misconduct.
In investment loss cases involving claims like these, it is not uncommon for brokerage firms to be held accountable for losses suffered by clients of an advisor whom they employed. Financial and securities firms are legally obligated to supervise their broker’s activities and the recommendations they make in order to protect customers and ensure compliance with FINRA rules regarding screening, yearly reviews, monitoring, and training / licensing. As such, firms may potentially be held liable should customers suffer losses as result of the firm’s failure to supervise.
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