Were you the victim of First Allied Securities, Inc. broker Kyle Franklin (CRD# 1255175)? Franklin has been registered with Hilltop Securities Inc. in Roseville, California from 2017 to 2019 and previously with First Allied Securities, Inc. in Cameron Park, California from 2013 to 2017.
Franklin has been the subject of three customer complaints between 1999 and 2020, according to his CRD report. The most recent complaint is regarding:
September 2020. “Claimants allege their financial advisor recommended unsuitable investments. Claimants allege breach of duty and contract, negligence, and failure to supervise.” The case is currently pending. The complaint was regarding variable annuities and real estate investment trusts (REITs) and took place while Franklin was registered with First Allied Securities, Inc.
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, First Allied Securities, Inc. may be liable for investment or other losses suffered by Franklin’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.