According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Kevin Blaney was accused of making misrepresentations to customers in connection with the purchase, offer or sale of fixed income securities. Blaney was the Managing Director and salesman on Jeffries’ Mortgage-Backed Securities Desk from January 2009 until December 2011. Allegedly, in connection with six transactions, Blaney either made a false statement to a customer or failed to correct a statement made to a customer by another employee that Blaney knew was false. In five instances, Blaney misrepresented to Jeffries customers either the price at which the firm acquired, or was able to acquire, bonds that the customers were interested in purchasing, or that the firm was working with a seller of bonds when the firm already owned the bonds in inventory. This is against securities rules and regulations. For this, Blaney was fined $30,000 and suspended for three months.
According to his online FINRA BrokerCheck report, Blaney was registered with Citicorp Securities in New York, New York from December 1991 until September 1994, Banc of America Securities in New York from September 1994 until March 2001, JP Morgan Securities in New York from April 2001 until April 2003, RBS Greenwich Capital in Greenwich, Connecticut from April 2003 until April 2008 and Jeffries LLC in Stamford, Connecticut from May 2008 until September 2014. He is not currently registered with any member firm and is not licensed within the industry. Please call 312-332-4200 today to speak to an attorney about your options of suing Jeffries LLC for Blaney’s transgressions. The firm may be responsible for investment losses. The call is free with no obligation.