FINRA Suspends Keith Esp After Alleged Failure to Comply With Arbitration Agreement
Keith Esp (CRD #: 4508345), a broker formerly registered with Vanderbilt Securities, has been suspended by FINRA, according to his BrokerCheck record, accessed on July 24, 2022. If you want to know more about Keith Esp’s conduct as a broker, read on.
Suspension by FINRA
On June 10, 2022, FINRA suspended Keith Esp following his alleged failure to comply with an arbitration award or provide an adequate response to a FINRA request for information regarding the status of his compliance.
On April 1, 2022, Keith Esp entered into an arbitration agreement with LPL Financial concerning his alleged failure to repay the firm in compliance with another agreement made with LPL Financial on August 24, 2012, following his termination from the firm.
The 2022 arbitration agreement obligated Keith Esp to pay $33,247.04, the sum of the remaining principal due from the 2012 agreement, as well as interest at a rate of 5.25% and $5,650 of the firm’s filing and attorneys’ fees.
Sanctions
Keith Esp was indefinitely suspended by FINRA in all capacities on June 10, 2022, and his suspension will continue until the required payment is received or discharged.
You can read the full 2022 arbitration award here.
Civil Lien
On November 12, 2021, Keith Esp was the subject of a civil lien of $43,562.
Background Information
Keith Esp has passed the following exams:
- Series 65 – Uniform Investment Adviser Law Examination
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 24 – General Securities Principal Examination
He has also worked for the following firms:
- Vanderbilt Securities (CRD#:5953)
- LPL Financial (CRD#:6413)
- Next Financial Group (CRD#:46214)
- H. Beck (CRD#:1763)
- AXA Advisors (CRD#:6627)
- American Express Financial Advisors (CRD#:6363)
- IDS Life Insurance Company (CRD#:6321)
Kurta Law Can Help
If you worked with Keith Esp and you 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 and 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.
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