Advisor Alert: Our Attorneys Are Investigating Sean Michael Kane For Investment Fraud
Did You Lose Money Because of Sean Kane?
Filed: March 12, 2024
Sean Kane currently has one (1) pending civil event and one (1) pending investigation. Overall, he has been the subject of one (1) investigation, two (2) termination events, and one (1) civil event. 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 Sean Michael Kane.
Who Is Sean Michael Kane?
- Advisor Name: Sean Michael Kane
- Aliases: Sean Kane
- CRD: 5778281
- Location: York, Pennsylvania
- Current Employer: Currently Not Registered
- Previous Firms: Cambridge Investment Research, Inc., Waddell & Reed, and Resource Securities LLC
- Number of Known Investigations: 1
- Number of Known Civil Events: 1
- Number of Known Termination Events: 2
- Can Sean Kane Be Sued: Yes, in Private Arbitration
- Can Sean Kane’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: Unknown
If you have suffered investment losses by Sean Kane, 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 Sean Kane For Broker Misconduct
As of this publication date, Sean Kane has been the subject of 1 civil event, 2 termination events, and 1 investigation. Let’s review them below.
In March 2023, United States Securities and Exchange Commission initiated a civil event against or in reference to Sean Kane for violating the firm’s policies and procedures. Mr. Kane also defrauded and breached his fiduciary duty to clients and violated the anti-fraud provisions of Sections 206(1) and 206(2) of the Investment Advisers Act of 1940.d.
In March 2023, United States Securities and Exchange Commission initiated an investigation against or in reference to Sean Kane for violating the firm’s policies and procedures. Mr. Kane also defrauded and breached his fiduciary duty to clients and violated the anti-fraud provisions of Sections 206(1) and 206(2) of the Investment Advisers Act of 1940.d.
In March 2023, Cambridge Investment Research, Inc. terminated Sean Kane after allegations that he and a family member “repeatedly defrauded and breached their fiduciary duty” to clients.
In February 2021, Waddell & Reed terminated Sean Kane for violation of multiple firm policies including outside business activities, communications with the public, client/data privacy and client signatures.
How To File A Claim Against Sean Kane (previously with Cambridge Investment Research, Inc., Waddell & Reed, and Resource Securities LLC) To Get Your Money Back
If you have questions about Sean Kane, Cambridge Investment Research, Inc., Waddell & Reed, Resource Securities LLC, 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.