Clint Keener, Formerly of Capital City Securities, Barred by FINRA Following Allegations of Unsuitable Recommendations

Keener is accused of recommending unsuitable investments.

The Sonn Law Group is investigating allegations that Clint Keener recommended unsuitable investments. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Clint Keener - Capital City SecuritiesClint Keener consented to FINRA findings stating that he refused to appear for on-the-record testimony requested in connection with an investigation into potentially unsuitable investment recommendations. 

FINRA’s findings stated that in July 2010, Keener was suspended by FINRA for two months. First, between October 2004 and December 2005, Keener recommended unsuitable transactions resulting in an overconcentration in below-investment-grade bonds in a couple’s customer account.

Second, between 2003 and 2005, Keener mismarked approximately 52 order tickets in at least two customer accounts. Third, between 2003 and 2008, Keener exercised discretion without written authorization in the accounts of at least six customers. 

An investment is unsuitable when it does not meet the objectives and means of an investor. Brokers have a duty to take steps to ensure an investment is suitable for a client. Income, expected future income, financial knowledge, lifestyle, and personal preferences are a few of the factors that are considered when determining if an investment is unsuitable.

Contact Us Today

The Sonn Law Group is currently investigating allegations that brokers recommended unsuitable investments. 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.