Kendal Fordham Subject of Civil Suit Alleging Overconcentration

Kendal Fordham (CRD #: 6504618), a broker formerly registered with Raymond James Financial Services, is the subject of a pending civil suit, according to her BrokerCheck record, accessed on May 28, 2025. Keep reading to learn more about her alleged conduct as a broker.

Civil Suit

On February 20, 2025, FR8 Solutions, a freight and shipping logistics company, filed a civil suit against Kendal Fordham. The company alleged that she made unsuitable recommendations of structured products and overconcentrated it in these products.

This civil suit is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that suit an investor’s financial goals. Brokers must take into account an investor’s tax status, risk tolerance, investing experience, and other information described in their profile.

Overconcentration is typically unsuitable because it exposes investors to excessive risk. By contrast, diversified portfolios reduce the chance that an investor will suffer major losses following a drop in share prices for a particular stock or sector.

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

Investor Dispute

On February 20, 2025, Kendal Fordham was named in a dispute alleging that she recommended unsuitable structured products and overconcentrated the client in them. They seek $50,000 in damages in this pending dispute.

Background Information

Kendal Fordham has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Combined State Law Examination – Series 66

She previously worked for Raymond James Financial Services (CRD#:6694) and Raymond James & Associates (CRD#:705).

Kurta Law Can Help

If you worked with Kendal Fordham 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 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.