Kevin Joseph Sheehan (CRD #2182660) Has an Employment Separation Disclosure on FINRA BrokerCheck

Kevin Joseph Sheehan (CRD #2182660) is a formerly registered broker. He has an employment separation disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on May 21, 2026. It reflects one termination disclosure. If you worked with Kevin Sheehan and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation After Allegations

Kevin Sheehan’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary of the disclosure is below:

On March 20, 2026, DWS Distributors, Inc. discharged Kevin Sheehan. Kevin Sheehan FINRA BrokerCheck says the firm reported that he misrepresented meal expenses for reimbursement. The firm said this violated its expense policy and code of conduct. The disclosure says the matter was not securities related. Kevin Sheehan FINRA BrokerCheck lists the product as no product.

Rule Summary #1: FINRA Rule 2010 (Standards of Commercial Honor)

FINRA Rule 2010 requires member firms to observe high standards of commercial honor. It also requires just and equitable principles of trade. Employment disclosures may raise questions about firm policies, conduct, and supervision.

Rule Summary #2: FINRA Rule 4530 (Reporting Requirements)

FINRA Rule 4530 sets reporting requirements for member firms. It covers certain disciplinary actions and terminations. These reports help investors see conduct concerns that may appear on BrokerCheck.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Kevin Sheehan:

Is not currently registered with a brokerage firm.

Has passed the Securities Industry Essentials (SIE) exam. Kevin Sheehan has passed Series 7. He has also passed Series 24, Series 63, and Series 65.

Was previously registered with firms that include DWS Distributors, Inc., Entrust Securities LLC, and Fidelity Investments Institutional Services Company, Inc.

Kurta Law Can Help

If you worked with Kevin Sheehan and have concerns, Kurta Law may be able to help. The firm can review your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Investment Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.