Concorde Investment Services, LLC Broker Jeffrey Kiesnoski Suitability Concerns

Concorde Investment Services

Were you the victim of unsuitable investment recommendations made by Concorde Investment Services, LLC broker Jeffrey Kiesnoski (CRD# 2688017)? Jeffrey Kiesnoski has been registered with Concorde Investment Services, LLC in Port Jefferson, New York since 2015. 

Jeffrey Kiesnoski Customer Complaints

Jeffrey Kiesnoski has been the subject of four customer complaints between 2009 and 2021, one of which was closed without action, according to his CRD report:

June 2021. “Claim alleges breach of contract, breach of duty of good faith and fair dealing, breach of fiduciary duty relating to an alleged hold recommendation given to the investor.” The customer sought $8,761 in damages and the case was settled for $8,500. The complaint was regarding real estate investment trusts (REITs).

May 2021. “Claim alleges breach of fiduciary duty, negligence and negligent misrepresentation, and breach of contract in relation to various investments made in January 2016 to January 2017.” The customer is seeking $876,000 in damages and the case is currently pending. The complaint was regarding direct investments. 

June 2019. “Client is alleging misrepresentation, fraud, and suitability in relation to limited partnership investments made in June and October of 2017.” The customer is seeking $1,000,000 in damages and the case is currently pending. The complaint was regarding direct investments. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Concorde Investment Services, LLC may be liable for investment or other losses suffered by Jeffrey Kiesnoski’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.

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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.