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Investor Seeks Six Figures in Dispute with Kevin Duffy

Kevin Duffy (CRD #: 4481935), a broker registered with Raymond James & Associates, is involved in a pending dispute, according to his BrokerCheck record, accessed on March 8, 2023. Keep reading to learn more about his alleged conduct as a broker.

Investor Dispute

On December 8, 2022, an investor filed a dispute alleging that Kevin Duffy facilitated unsuitable investments. The client seeks $124,208.58 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an 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 investor plans to hold the investment)
  • Investing experience
  • Tax status

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

Background Information

Kevin Duffy has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination

Kevin Duffy is a registered broker in ten states and a registered investment adviser in Indiana, Kentucky, and Texas.

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

Kurta Law Can Help

If you worked with Kevin Duffy 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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