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Investor Alleges Kevin Chen Executed Unauthorized Trades

Kevin Chen (CRD #: 7168505), a broker registered with J.P. Morgan Securities, was named in an investor dispute, according to his BrokerCheck record, accessed on October 29, 2024. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On August 27, 2024, an investor filed a dispute alleging that Kevin Chen executed unauthorized trades and failed to follow instructions in December 2021 and August 2023. This dispute was denied by the firm.

However, it’s still possible to recover damages after a denial, and investors may want to pursue FINRA arbitration.

FINRA Rule 3260

FINRA Rule 3260 limits brokers trading discretion to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.

Background Information

Kevin Chen has passed the following exams:

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

Kevin Chen is a registered broker in seven states and a registered investment adviser in California and Texas.

He has also worked for Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Kevin Chen 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. 

 

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