Frank Kelly Received a Complaint for Failing to Inform a Customer of Their Margin Balance or Interest

Frank KellyPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on January 8, 2018 indicate that Pennsylvania-based HD Vest Investment Services broker Frank Kelly has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Kelly (CRD# 2028226).

Frank Kelly has spent 26 years in the securities industry and has been registered with HD Vest Investment Services in New Cumberland, Pennsylvania since 1995. He was previously registered with GR Phelps & Company (1991-1995). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on October 30, 1991; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on November 19, 1991; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), which he obtained on August 24, 1998. He is a registered broker with seven US states and territories: Florida, Maryland, Nevada, New Jersey, New York, Pennsylvania, and Virginia.

According to his BrokerCheck report, he has received two customer complaints and one pending customer complaint.

In October 2017 a party of customers alleged Frank Kelly, while employed at HD Vest Investment Services, did not inform them of the margin balance or margin interest associated with their account. The customers are seeking unspecified damages in the pending complaint.

In 2005 a customer alleged Frank Kelly, while employed at HD Vest Investment Services, committed fraud, acted negligently, and breached his fiduciary duty. The complaint settled in 2006 for $99,000.

In 2005 a customer alleged Frank Kelly, while employed at HD Vest Investment Services, recommended unsuitable investments that resulted in losses. The complaint settled for $50,000.

If you have lost money investing with Frank Kelly, you may be entitled to recoup your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.