Former advisor makes thousands of trades, netting large commissions and causing client losses

  • Former advisor and broker barred from industry for excessive trading
  • Made thousands of trades on a few client accounts, resulting in large commissions and client losses
  • Regulator settlement with Christopher Kennedy of Western International Securities
  • Kennedy prohibited from associating with any registered broker

Regulators have barred Christopher Kennedy, a former advisor and broker, from the industry for engaging in excessive trading that violated Reg BI. Kennedy made thousands of trades on just a handful of client accounts, resulting in hundreds of thousands of dollars in commissions for himself while causing millions in losses for the clients. The brokerage industry self-regulator, Finra, settled the allegations with Kennedy, who was formerly associated with Western International Securities. As part of the settlement, Kennedy is prohibited from associating with any registered broker.

Public Companies: Western International Securities ()
Private Companies:
Key People: Christopher Kennedy (former advisor and broker)

Factuality Level: 7
Justification: The article provides specific details about the allegations against Christopher Kennedy and the settlement reached with Finra. However, it lacks additional context or information about the case, such as the evidence supporting the allegations or any statements from Kennedy or his legal representation. Without this additional information, it is difficult to fully assess the accuracy and objectivity of the article.

Noise Level: 2
Justification: The article is very short and lacks relevant information. It starts with a headline about a former advisor and broker being barred from the industry, but then abruptly shifts to a message about the reader being a subscriber. There is no analysis, evidence, or actionable insights provided in the article.

Financial Relevance: Yes
Financial Markets Impacted: Brokerage industry

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses the actions of a former advisor and broker in the brokerage industry. However, there is no mention of an extreme event or its impact.

Reported publicly: www.barrons.com