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Sagepoint Broker, Kevin Fifield, Sanctioned

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Michigan-based Sagepoint broker/adviser Kevin Fifield (CRD# 1627832).

Kevin Fifield has spent 25 years in the securities industry and has been registered with Sagepoint Financial in Byron Center, Michigan since 2012. Previous registrations include Securities America in Byron Center (2007-2012); Brookstreet Securities in Byron Center (2003-2007); Linsco/Private Ledger Corporation in Boston, Massachusetts (2001-2003); MML Investors Services in Springfield, Massachusetts (1998-2001); and Foresters Equity Services in San Diego, California (1990-1998). He is a registered broker and investment adviser in Arizona, California, Michigan, and Oklahoma.

shutterstock_216799618According to his BrokerCheck report, Kevin Fifield is the subject of one regulatory sanction, two customer complaints, one pending customer complaint, and three customer complaints that were closed or withdrawn. He was additionally discharged from his positions at Securities America and Linsco/Private Ledger Corporation.

In 2013 the Florida Office of Financial Regulation sanctioned Kevin Fifield, while he was employed at Sagepoint Financial, following allegations he made material misstatements on an application for registration. His application for registration was subsequently denied.

In 2012 Kevin Fifield was terminated from Securities America following allegations he “utilized a statutorily-disqualified individual.”

In 2006 a customer alleged Kevin Fifield, while employed at MML Investors Services, recommended unsuitable investments in 1999 and 2000. The complaint settled in 2007 for $15,000.

In 2004 a customer alleged Kevin Fifield, while employed at MML Investors Services and Linsco/Private Ledger Corporation, recommended unsuitable and short term trading of mutual funds. The customer is seeking unspecified damages in the pending complaint.

In 2003 a customer alleged Kevin Fifield, while employed at Linsco/Private Ledger Corporation, invested  his IRA in mutual funds that were too aggressive and failed to limit losses. The complaint settled in 2006 for $65,000.

In 2003 Linsco/Private Ledger Corporation terminated Kevin Fifield following allegations he executed unauthorized trades and failed to report a customer complaint.

If you have complaints regarding Kevin Fifield, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recoup losses. Fitapelli Kurta accepts every case on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.