Kevin Shields Allegedly Made Misleading Statements

Kevin Shields (CRD #: 1574106), a broker registered with Foreside Fund Services, is involved in an investor dispute, according to his BrokerCheck record, accessed on July 5, 2025. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On April 28, 2025, an investor alleged that Kevin Shields made misleading statements with regard to the client’s investment in a non-traded real estate investment trust (REIT). The client seeks $450,000 in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s potential returns, risks, fees, or tax consequences.

What are REITs?

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without being directly involved in property management. However, REITs tend to be illiquid, which makes them unsuitable for many investors. In this regard, non-traded REITs are especially risky because they are not traded on the public exchange, making them difficult or impossible to sell. 

Background Information

Kevin Shields has passed the following exams:

• Financial and Operations Principal Examination – Series 27

• General Securities Principal Examination – Series 24

• Investment Banking Registered Representative Examination – Series 79TO

• Operations Professional Examination – Series 99TO

• Government Securities Representative Examination – Series 72

• Securities Industry Essentials Examination – SIE

• General Securities Representative Examination – Series 7

• Uniform Securities Agent State Law Examination – Series 63

Kevin Shields is a registered broker in 47 states as well as the District of Columbia and the Virgin Islands.

He has also worked for the following firms:

• Griffin Capital Securities (CRD#:37739)

• Jeffries & Company (CRD#:2347)

• Salomon Brothers (CRD#:740) 

Kurta Law Can Help

If you worked with Kevin Shields 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.