Kirk Crosssen Terminated by Raymond James & Associates

Kirk Crossen (CRD #: 2742256) was fired by Raymond James & Associates, according to his BrokerCheck record, accessed on December 14, 2023. Details concerning his termination are provided below. 

On October 31, 2023, Raymond James fired Kirk Crossen following allegations that he lacked candor during an inquiry into a loan from a former client at a prior firm. Loans between brokers and clients are governed by FINRA Rule 3240. FINRA Rule 3240 describes the limited circumstances under which brokers may borrow from or lend to clients, such as loans between immediate family members.

On October 30, 2023, an investor alleged that the investment strategy executed in their account was unsuitable. The investor is seeking $6,000,000. 

Unsuitable Investment Strategies 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these into account are unsuitable. 

Background Information 

Kirk Crossen has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination 

Kirk Crossen has registered with five firms in his 27 years of experience: 

• Raymond James & Associates (CRD #: 705) 
• Morgan Stanley (CRD #: 149777) 
• Wells Fargo Advisors (CRD #: 19616) 
• CitiGroup Global Markets (CRD #: 7059) 
• Morgan Stanley DW (CRD #: 7556) 

Kurta Law Can Help 

If you have worked with Kirk Crossen and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.