Kevin Casey Suspended by FINRA
Kevin Casey (CRD #: 2294037), a broker registered with Janney Montgomery Scott, was recently suspended by FINRA, according to his BrokerCheck record, accessed on April 18, 2023. Read on if you want to know more about his alleged conduct as a broker.
FINRA Suspension
On March 8, 2023, Kevin Casey consented to the entry of findings that he allegedly created and signed certain documents requested by FINRA after receiving FINRA’s request.
According to a Letter of Acceptance, Waiver & Consent (AWC), Janney Montgomery Scott allegedly used two surveillance reports to supervise its compliance with FINRA Rule 5131(d)(4). Kevin Casey was allegedly the firm’s supervisory delegate responsible for conducting daily reviews of these reports and documenting them on a checklist.
In September 2019, FINRA allegedly requested checklists from the firm for the period of April through June 2019. The AWC alleges that Kevin Casey had not created checklists for this period, and instead created and signed 12 checklists in October 2019 after the firm provided him with FINRA’s request. He allegedly also did not disclose these facts to FINRA.
The AWC concludes that this alleged misconduct constitutes a violation of FINRA Rule 2010.
FINRA Rule 5131
FINRA Rule 5131(d)(4) prohibits firms from accepting market orders of shares of a new issue in the secondary market before trading has begun in that market.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
Sanctions
Kevin Casey consented to the following sanctions:
- $5,000 fine
- 30 calendar-day suspension
His suspension began on April 3, 2023, and will end on May 2, 2023.
You can read a copy of the AWC here.
Background Information
Kevin Casey has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 55 – Limited Representative-Equity Trader Exam
- Series 7 – General Securities Representative Examination
- Series 4 – Registered Options Principal Examination
He has also worked for the following firms:
- Janney Montgomery Scott (CRD#:463)
- Morgan Stanley & Company (CRD#:8209)
- CIBC World Markets (CRD#:630)
- Prudential Securities (CRD#:7471)
Kurta Law Can Help
If you worked with Kevin Casey 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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