Victim of Financial Fraud? Call Now
Home » Broker Blog » Kevin Springstead Allegedly Executed Excessive Trades

Kevin Springstead Allegedly Executed Excessive Trades

Kevin Springstead (CRD #: 4937429), a broker registered with Craft Capital Management, is involved in an investor dispute. This is according to his BrokerCheck record, accessed on March 23, 2022.

On December 18, 2021, an investor alleged that Kevin Springstead executed excessive trades and misrepresented investments. The investor further alleged that the broker made unauthorized use of a margin account. Margin accounts used borrowed money in an attempt to maximize returns, but they also increase the risk of losses. The investor also alleged that Kevin Springstead had not disclosed compensation.

The investor is seeking $83,086.81; the dispute is pending.

Kevin Springstead was the subject of four civil liens between 2012 and 2016. These liens total approximately $254,845.48.

Background Information

Kevin Springstead has passed the following exams:

  • Series 63 Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 General Securities Representative Examination

He is a registered broker in eight states.

Kevin Springstead has worked with the following firms:

  • Craft Capital Management (CRD #: 171350)
  • Arive Capital Markets (CRD #: 8060)
  • SW Financial (CRD #: 145012
  • Worden Capital Management (CRD #: 148366)
  • Reid & Rudiger (CRD #: 47263)
  • Spartan Capital Securities (CRD #: 146251)
  • Windsor Street Capital (CRD #: 34171)
  • Woodstock Financial Group (CRD #: 38095)
  • Chelsea Financial Services (CRD #: 47770)
  • Garden State Securities (CRD #: 10083)
  • Prestige Financial Center (CRD #: 30407)
  • National Securities Corporation (CRD #: 7569)
  • Joseph Stevens & Company (CRD #: 35459)
  • Mercer Capital Ltd. (CRD #: 104012)

Kurta Law Can Help

If you have worked with Kevin Springstead and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated on behalf of investors who have lost money following broker fraud or misconduct. Kurta Law is a nationally recognized law firm and exclusively represents investors on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Our attorneys will work tirelessly to restore your lost funds and get your financial future back on track.

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories