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Kelly Gillikin Involved in a $475,000 Investor Dispute

Kelly Gillikin (CRD #: 6847210), a broker registered with TD Ameritrade, allegedly made an unsuitable recommendation to a client, according to his BrokerCheck record, accessed on November 19, 2022. If you have questions about her conduct as a broker, read on.

Investor Dispute

On August 16, 2022, an investor alleged that Kelly Gillikin made an unsuitable recommendation relating to an options strategy in February 2020. The client seeks $475,000 in this pending dispute.

FINRA Rule 2111

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

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investment will be held)
  • Investing experience
  • Tax status

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Kelly Gillikin has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 34 – Retail Off-Exchange FOREX Examination
  • Series 3 – National Commodity Futures Examination
  • Series 7 – General Securities Representative Examination

Kelly Gillikin is a registered broker in all 50 states as well as the District of Columbia, Puerto Rico, and the Virgin Islands.

Kurta Law Can Help

If you worked with Kelly Gillikin 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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