Advisor Alert: Our Attorneys Are Investigating Kevin Neal Richards For Investment Fraud
Did You Lose Money Because of Kevin Richards?
Filed: March 15, 2024
Kevin Richards currently has three (3) pending customer complaints, and two (2) pending financial events. Overall, he has been the subject of four (4) customer complaints and two (2) financial events. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Kevin Neal Richards.
Who Is Kevin Neal Richards of KNR Wealth Management, Inc.?
- Advisor Name: Kevin Neal Richards
- Aliases: Kevin Richards
- CRD: 5157291
- Location: Laguna Niguel, California
- Current Employer: KNR Wealth Management, Inc.
- Previous Firms: William Jordan Investments, Inc. and Edward Jones
- Number of Known Customer Complaints: 4
- Number of Known Financial Events: 2
- Can Kevin Richards Be Sued: Yes, in Private Arbitration
- Can Kevin Richards’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $523,000
- Highest Settlement: Unknown
If you have suffered investment losses by Kevin Richards, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Kevin Richards For Broker Misconduct
As of this publication date, Kevin Richards has been the subject of 4 customer disputes and 2 financial events. Let’s review them below.
In December 2023, Kevin Richards filed for bankruptcy in the Central District of California.
In August 2023, Kevin Richards filed for bankruptcy in the United States Bankruptcy Court.
In January 2023, a complaint was filed against or in reference to Kevin Richards by a customer of KNR Wealth Management, Inc. alleging breach of fiduciary duty, unsuitable high risk investments, and misleading information on investments. Per the customer, she lost over $500,000 because of Mr.
Richards’s actions. As of this publication date, this claim remains pending.
In December 2022, a FINRA arbitration was filed against or in reference to Kevin Richards by multiple customers of KNR Wealth Management, Inc. alleging that the clients liquidated their investments based on advice from Richards and purchased alternative investments. The plaintiffs allege breach of fiduciary duty, negligence, fraud and deceit, misrepresentation of security, and negligent misrepresentation of product. Per the customers, they lost over $523,000 because of Mr. Richards’s actions. As of this publication date, this claim remains pending.
In December 2022, a FINRA arbitration was filed against or in reference to Kevin Richards by a customer of KNR Wealth Management, Inc. alleging that Mr. Richards liquidated current holdings and placed in high risk investments unsuitable for the client. The client allege failure and inadequate due diligence by KNR, elder abuse, breach of fiduciary duty, and professional negligence. Per the customer, he/she lost over $400,000 because of Mr. Richards’s actions. As of this publication date, this claim remains pending.
In April 2009, a FINRA arbitration was filed against or in reference to Kevin Richards by a customer of Edward Jones alleging that Mr. Richards was not working in her best interest to meet her financial needs. Per the customer, she lost over $5,000 because of Mr. Richards’s actions.
How To File A Claim Against Kevin Richards of KNR Wealth Management, Inc. (previously with William Jordan Investments, Inc. and Edward Jones) To Get Your Money Back
If you have questions about Kevin Richards, KNR Wealth Management, Inc., William Jordan Investments, Inc., Edward Jones or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.