Patrick Kenney is Facing a Million-Dollar Investor Dispute

Patrick Kenney (CRD #: 1449448), a broker registered with Ameritas Investment Company, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 3, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On January 22, 2024, investors alleged that Patrick Kenney recommended unsuitable and high-risk fixed annuities. The investor is seeking $1,000,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 also violate this rule. 

Background Information 

Patrick Kenney has passed the following exams:

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 6TO Investment Company Products/Variable Contracts Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 30 states and D.C. He is also a registered investment adviser Ohio and Texas. 

During his 37 years of experience, Patrick Kenney has registered with four firms: 

• Ameritas Investment Company (CRD #: 14869) 
• Ameritas Advisory Services (CRD #: 317245) 
• Carillon Investments (CRD #: 14646) 
• Sky Investments (CRD #: 2864) 

Kurta Law Can Help 

If you have worked with Patrick Kenney and 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.