Kevin Ogden Allegedly Executed Unauthorized Transactions

Kevin Ogden (CRD #: 1051356), a broker registered with Cetera Advisor Networks, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 3, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On February 15, 2024, a representative of a deceased client’s estate alleged that Kevin Ogden executed transactions on behalf of the client without authorization. The claimant further alleged that these transactions resulted in a significant investment loss as well as other financial damages. 

The investor is seeking $58,833. 

On November 28, 2018, Kevin Ogden allegedly misrepresented a product during a period of leading up to the sale. The investor sought $78,000, but the dispute was denied. Investors should know that firms can deny disputes without any external review and investors can still recover funds following a denial.

FINRA Rule 3260

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information 

Kevin Ogden has passed the following exams:

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 
• Series 22 Direct Participation Programs Representative Examination 
• Series 26 Investment Company Products/Variable Contracts Principal Examination 

He is a registered broker in 21 states and D.C. 

During his 40 years of experience, Kevin Ogden has registered with four firms: 

• Cetera Advisor Networks (CRD #: 13572) 
• Voya Financial Advisors (CRD #: 2882) 
• Locust Street Securities (CRD #: 1703) 
• W.S. Griffith & Co. (CRD #: 10410) 

Kurta Law Can Help 

If you have worked with Kevin Ogden and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.