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Former LPL Financial LLC Broker Kevin McCoy Investment Loss Options

Posted on Tuesday, September 8th, 2020 at 6:50 pm    

LPL Financial LLC

Former LPL Financial LLC broker Kevin McCoy (CRD# 4557189) faces customer complaints regarding structured note losses. McCoy has been registered with Cetera Investment Services LLC in The Woodlands, Texas since 2019. Previously, McCoy was registered with LPL Financial LLC in Houston, Texas from 2016 to 2019 and previously with Bbva Securities Inc. in San Marcos, Texas since 2013 to 2016.

McCoy has been the subject of four customer complaints between 2019 and 2020, two of which were denied, according to his CRD report:

May 2020. “Customer alleges misrepresentation of structured product.” The case is currently pending. The complaint is regarding structured notes. 

May 2020. “Customer alleges misrepresentation of structured product and asks for principal to be returned.” The case is currently pending. The complaint is regarding structured notes and the complaint took place while McCoy was registered with LPL Financial LLC. 

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, LPL Financial LLC may be liable for investment or other losses suffered by McCoy’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.