Articles Tagged with Phoenix Arizona Stockbroker Misconduct Attorney

Kevin Robert Loud, of Phoenix Arizona, submitted a Letter of Acceptance, Waiver, and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which he was fined and suspended for failing to disclose an outside business and an outstanding tax lien.

In July 2012, Kevin Loud joined Silber Bennett Financial Inc. as a General Securities Representative and as an Investment Banking Representative. According to FINRA, from December 2014 through March 2015, Mr. Loud worked for and was an officer of a development-stage company named DC. During this period, Kevin Loud allegedly solicited individuals who were not Silber Bennett customers, to invest in the company. Along with these solicitations, Loud circulated an offering memorandum for DC that identified him as the company’s Chief Financial Officer directing all payments and subscriptions be made to him. FINRA stated that although his solicitations did not result in direct investments, he did assist in obtaining stock certificates for several investors and failed to indicate his participation in an outside company on his own firm’s compliance questionnaire. Continue Reading