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National Securities broker Thomas Kelly, Jr.: Complaints

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding New York-based National Securities broker Thomas Kelly, Jr. (CRD# 2877415).

Thomas Kelly, Jr. has spent eighteen years in the securities industry and has been registered with National Securities in New York, New York since 2009. Previous registrations include First Republic Group in New York, New York (1998-2008); Northeast Securities in Mitchelfield, New York (1998); and Nichols, Safina, Lerner & Company in New York, New York (1997-1998). One of Mr. Kelly’s former employers, First Republic Group, has since been expelled by the Financial Industry Regulatory Authority. Mr. Kelly is a broker registered in 24 US states and territories.

According to his BrokerCheck report, Thomas Kelly, Jr. is the subject of seven customer complaints and one pending customer complaint.

In 2012 a customer alleged Thomas Kelly, Jr., while employed at National Securities, recommended an unsuitable investment, breached his fiduciary duty, and acted negligently. The complaint settled in 2015 for $23,000.

In 2010 a customer alleged Thomas Kelly, Jr., while employed at National Securities, breached his fiduciary duty, breached his contract, misrepresented and recommended an unsuitable investment, acted negligently and fraudulently, and charged excessive commissions. The complaint settled in 2011 for $3,500.

In 2009 a customer alleged Thomas Kelly, Jr., while employed at First Republic Group, breached his fiduciary duty, misrepresented material facts related to an investment, committed fraud, gave false and misleading statements, and executed excessive trades. The complaint settled in 2010 for $14,000.

In 2008 a customer alleged Thomas Kelly, Jr., while employed at First Republic Group, breached his contract, misrepresented and recommended an unsuitable investment, violated the Arizona Securities Act, and violated federal securities law. The complaint settled in 2009 for $18,000.

In 2006 a customer alleged Thomas Kelly, Jr, while employed at First Republic Group, recommended an unsuitable investment, executed excessive trades, and charged excessive commissions. The complaint settled for $88,000.

In 2005 a customer alleged Thomas Kelly, Jr., while employed at First Republic Group, executed unsuitable transactions and churned the customer’s account. The complaint settled for $75,000.

In 2003 a customer alleged Thomas Kelly, Jr., while employed at First Republic Group, failed to execute a transaction. The complaint settled for $4,200.

In 1999 a customer alleged Thomas Kelly, Jr. executed unauthorized trades. The customer is seeking unspecified damages in the pending complaint.

If you have lost money investing with Thomas Kelly, Jr., you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.