Articles Tagged with Key Investment Services

 Key Investment ServicesPublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 31, 2018 indicate that Ohio-based broker-dealer and advisory firm Key Investment Services has received a regulatory sanction. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Key Investment Services (CRD# 10111).

Established in Ohio in 2005, Key Investment Services is registered in Brooklyn, Ohio and registered with 51 US states and territories. The firm is owned by Keybank National Association. According to its BrokerCheck report, it has received one regulatory sanction.

In 2016 FINRA sanctioned the firm in connection to allegations it failed to identify and apply certain sales charge discounts to some clients’ eligible unit investment trust purchases, causing those clients to pay “excessive sales charges” that exceeded $95,200. FINRA’s findings stated additionally that Key Investment Services failed in its duty to establish, maintain and enforce a supervisory system, as well as written supervisory procedures, that were adequately designed to make sure customers were given those discounts on eligible unit investment trust transactions. According to FINRA’s letter of Acceptance, Waiver and Consent, FINRA issued a notice in 2004 that reminded broker dealers to “develop and implement procedures to ensure customers receive available sales charge discounts for UITs.” This notice stated additionally that such transactions should have “the most advantageous terms available to the customer” and specified that the firm was responsible for taking “appropriate steps to ensure that they and their employees understand, inform customers about, and apply correctly any applicable price breaks” for which clients are eligible. The firm was censured and issued a fine of $100,000; it was also ordered to pay restitution totaling $100,247.02 to affected customers.

Abed DarwishPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on July 5, 2017 indicate that former Ohio-based Key Investment Services broker/adviser Abed Darwish has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Darwish (CRD# 5313061).

Abed Darwish has spent eight years in the securities industry and was most recently registered with Key Investment Services in North Royalton, Ohio (2010-2015). He was previously registered with AXA Advisors in North Ridgeville, Ohio (2007-2010). He has passed three securities industry examinations: Series 66 (Uniform Combined State Law Examination); Series 7 (General Securities Representative Examination); and Series 24 (General Securities Principal Examination). He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one customer complaint and one FINRA sanction.

Robert HopePublic records published by the Financial Industry Regulatory Authority (FINRA) on June 30, 2017 indicate that New York-based Key Investment Services broker Robert Hope has been the subject of a customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Hope (CRD# 1171370).

Robert Hope has spent 32 years in the securities industry and has been registered with Key Investment Services in Albany, New York since 2006. Previous registrations include McDonald Investments in Colonie, New York; Key Investments in Cleveland, Ohio; Mercer Allied Corporation in Albany, New York; Painewebber in Weehawken, New Jersey; Merrill Lynch; and Baird Patrick & Company. He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), Series 63 (Uniform Securities Agent State Law Examination), and Series 7 (General Securities Representative Examination). He is a registered broker with 19 US states and territories.

According to his BrokerCheck report, Robert Hope has received one customer complaint.

Christopher Walker

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 23, 2017 indicate that former Washington-based Key Investment Services broker/adviser Christopher Walker recently resigned 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. Walker (CRD# 721700).

Christopher Walker has spent 35 years in the securities industry and was most recently registered with Key Investment Services in Redmond, Washington (2013-2017). Previous registrations include Oppenheimer & Company in Bellevue, Washington; WM Financial Services in Irvine, California; First Montauk Securities in Red Bank, New Jersey; Painewebber in Weehawken, New Jersey; Everen Securities in St. Louis, Missouri; Bateman Eichler Hill Richards; Shearson Lehman Hutton in New York, New York; EF Hutton & Company; and Paine Webber Jackson & Curtis. He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 3 (National Commodity Futures Examination); Series 31 (Futures Managed Funds Examination); Series 7 (General Securities Representative Examination); and Series 24 (General Securities Principal Examination). He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one customer complaint and recently resigned from his former employer.

Robert HopePublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on November 16, 2016 indicate that New York-based Key Investment Services broker Robert Hope has received a pending customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Hope (CRD# 1171370).

Robert Hope has spent 31 years in the securities industry and has been registered with Key Investment Services in Albany, New York since 2006. Previous registrations include McDonald Investments in Colonie, New York; Key Investments in Cleveland, Ohio; Mercer Allied Corporation in Albany, New York; Painewebber in Weehawken, New Jersey; Merrill Lynch; and Baird Patrick & Company. He is a registered broker with 21 US states and territories: Arizona, California, Colorado, Connecticut, the District of Columbia, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Vermont, and Virginia.

According to his BrokerCheck report, Robert Hope has received one pending customer complaint.

Frank GodfreyPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on September 28, 2016 indicate that Utah-based Key Investment Services broker Frank Godfrey has been the subject of a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Godfrey (CRD# 1533739).

Bruce Godfrey has spent 28 years in the securities industry and has been registered with Key Investment Services in Salt Lake City, Utah since September 2015. Previous registrations include Cuna Brokerage Services in American Fork, Utah; JP Morgan Securities in Sandy, Utah; Chase Investment Services in Sandy, Utah; Wells Fargo Investments in Salt Lake City, Utah; XCU Capital in West Jordan, Utah; Commonwealth Financial Network in Waltham, Massachusetts; Ameritas Investment Corporation in Lincoln, Nebraska; Financial Network Investment Corporation in El Segundo, California; and Pruco Securities in Newark, New Jersey. He is a registered broker in Utah.

According to his BrokerCheck report, Frank Godfrey has received one customer complaint and resigned from two former employers.

Richard SchultzPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on September 30, 2016 indicate that Nebraska-based Ameritas Investment Corporation broker/adviser Richard Schultz has been the subject of a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Schultz (CRD# 2600448).

Richard Schultz has spent eighteen years in the securities industry and has been registered with Ameritas Investment Corporation in Lincoln, Nebraska since July 2016. Previous registrations include Citizens Securities in Cleveland, Ohio; Key Investment Services in Toledo, Ohio; Chase Investment Services in Lorain, Ohio; US Bancorp Investments in Avon Lake, Ohio; Firstar Investment Services in Morris Plains, New Jersey; the Huntington Investment Company in Columbus, Ohio; American Express Financial Advisors in Minneapolis, Minnesota; IDS Life Insurance Company in Minneapolis, Minnesota; and Pruco Securities in Newark, New Jersey. He is a registered broker and investment adviser in Michigan and Ohio.

According to his BrokerCheck report, Richard Schultz has received one customer complaint and one denied customer complaint.

Kenneth HughiePublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 19, 2016 indicate that Washington-based Key Investment Services broker/adviser Kenneth Hughie has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Hughie (CRD# 2960970).

Kenneth Hughie has spent 18 years in the securities industry and has been registered with Key Investment Services in Vancouver, Washington since 2006. Previous registrations include McDonald Investments in Cleveland, Ohio; UBS Financial Services in Weehawken, New Jersey; and Merrill Lynch in New York, New York. He is a registered broker and investment adviser with 15 US states and territories: Alaska, Arizona, California, Colorado, Florida, Idaho, Massachusetts, Michigan, Minnesota, Nevada, Ohio, Oregon, Pennsylvania, Washington, and Wyoming. Continue Reading