Financial Planner Robert Kahn Loses Certification Following Allegations of Excessive Trading

financial-planner-robert-kahn-excessive-tradingRobert A. Kahn was a financial planner certified by the Certified Financial Planner Board of Standards (CFP Board). Mr. Kahn worked for Moloney Securities in Chesterfield, Missouri.

In November 2018, Mr. Kahn’s CFP certification was permanently revoked after he failed to file an answer to the CFP Board’s complaint alleging misconduct.

According to the CFP Board’s disciplinary action report, the organization filed a complaint in November 2018.

The report said Mr. Kahn engaged in excessive trading in a client’s account and improperly placed discretionary orders in that same account between 2011 and 2016.

As a result of the first allegation, Mr. Kahn made recommendations that were unsuitable and placed his interests above those of the client and violated his firm’s policy. The CFP Board assessed violations of several of its Rules of Conduct.

When Mr. Kahn declined to file an answer to the complaint within the amount of time required by the Board, the allegations were deemed admitted. The CFP Board issued an administrative order permanently revoking Mr. Kahn’s CFP certification.

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