Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on March 21, 2018 indicate that former Arizona-based First Allied Securities broker/adviser Kevin Palmer, who has received customer disputes, was recently discharged from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Palmer (CRD# 1370541).
Kevin Palmer has spent 32 years in the securities industry and was most recently registered with First Allied Securities in Scottsdale, Arizona (2008-2018). Previous registrations include First Montauk Securities Corporation in Scottsdale, Arizona (2001-2008); Merrill Lynch in New York, New York (1994-2001); and Painewebber in Weehawken, New Jersey (1985-1994). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on June 18, 2004; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 7, 1985; Series 7 (General Securities Representative Examination), which he obtained on May 18, 1985; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on February 21, 1998. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received two customer complaints and was discharged from his former employer in connection to alleged rule violations.
In February 2018 he was terminated from his position at First Allied Securities following allegations he violated firm policy by exercising discretionary authority in two client accounts without firm approval.
In 2000 a customer alleged Kevin Palmer, while employed at Merrill Lynch, purchased unsuitable securities. The complaint settled in 2001 for $31,500.
In 1994 a customer alleged Kevin Palmer, while employed at Painewebber, did not inform them that the shares they purchased in Megafood were junk bonds. The complaint settled for more than $16,600.
If you have lost money investing with Kevin Palmer, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.