Brian Charles Kennedy, Broker with Cambridge Investment Research, Named in Customer Disputes Alleging Recommendation of Unsuitable Investments

INVESTORS: Cambridge Investment Research broker Brian Charles Kennedy was named in customer disputes alleging recommendation of unsuitable investments.

Brian Charles Kennedy (CRD: 2321416) is registered as a broker and investment adviser with Cambridge Investment Research, where he’s been employed since May 2022.  Kennedy was previously registered as a broker and investment adviser with Concourse Financial Group from 2018 until 2022.

Kennedy has four disclosures on his BrokerCheck report. 

June 2022 Customer Dispute

Status: Pending

Allegations: Claimant alleges the RR recommended an unsuitable Oil & Gas investment.

Broker Comment: Comment provided by Mr. Kennedy: “I am not a party to the arbitration. The claim and allegations appear to focus on the due diligence obligations of the broker-dealer who reviewed and approved the investment for sale. I believe that any allegations made against me are false, as the stated objectives for the investment were consistent with the client’s objectives. I plan to seek expungement of this matter.”

April 2022 Customer Dispute

Status: Pending

Allegations: Claimant alleges that Mr. Kennedy recommended an unsuitable oil and gas investment.

Broker Comment: Comment provided by Mr. Kennedy: “I am not a party to the arbitration. I believe the allegations as to me are false. The client has stated that he intended only to assert allegations against Lincoln Financial Advisors and that he did not intend to assert any allegations as to me. I plan to seek expungement.”

March 2022 Customer Dispute

Status: Pending

Allegations: Claimant alleges Mr. Kennedy recommended an unsuitable oil and gas investment.

Broker Comment: Comment provided by Mr. Kennedy: “I am not a party to the arbitration. I believe the allegations as to me are false. The client has stated that he intended only to assert allegations against Lincoln Financial Advisors and that he did not intend to assert any allegations as to me. I plan to seek expungement.”

September 2018 Employment Separation After Allegations

Firm Name: Lincoln Financial Advisors

Termination Type: Discharged

Allegations: The firm terminated the RR after discovering that the RR, after the termination of his appointment by an insurance carrier, utilized former and current associates of his company who became appointed with that carrier to service the carrier’s non-securities policies he had sold.

Broker Comment: I had a number of clients that owned fixed products with an insurance carrier that I sold. Our appointment with this company was terminated without cause when we departed from their broker dealer. Later, my current and former business associates became appointed with that carrier and we continued to service those policy holders through those associates and with their consent.

The Sonn Law Group is currently investigating allegations surrounding Brian Charles Kennedy. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.