Colin Kelty is the Subject of Unsuitable Investment Allegations

Colin Kelty (CRD #: 5859007), a broker registered with Cetera Investment Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 29, 2023. Keep reading if you have questions. 

On July 5, 2023, an investor alleged that Colin Kelty failed to liquidate certain securities upon transfer. The investor is seeking $240,000. 

According to allegations filed on March 1, 2022, Colin Kelty recommended unsuitable investments that resulted in losses. The investor is seeking $1.4 million. 

On September 5, 2017, an investor alleged Colin Kelty recommended unsuitable investments. This investor sought $507,069.29 and the dispute settled for $249,999.99. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Colin Kelty has passed the following exams: 

• Series 66 – Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 20 states and D.C. He is a registered investment adviser in Illinois and Texas. 

In his 12 years of experience, Colin Kelty has registered with three firms: 

• Cetera Investment Services (CRD #: 15340) 
• Cetera Investment Advisers (CRD #: 105644) 
• Vision Investment Services (CRD #: 46609) 

Kurta Law Can Help

If you worked with Colin Kelty and have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.