Close Menu
Free Consultation: 888-976-6111

Kevin McGregor: $5 Million Complaint Against Avantax Advisor

An investor complaint against Concord, California financial advisor Kevin McGregor (CRD# 2540872) alleges that his investment advice resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with Avantax Investment Services. 

Mr. McGregor’s BrokerCheck report discloses one investor complaint. Filed in April 2022, it alleges that he liquidated the claimants’ annuities, causing a tax liability, “and then invested the proceeds in unsuitable equity positions to generate commissions.” (For reference, FINRA rules forbid brokers from recommending investments that are not appropriate for the investor’s specific background and objectives.) The complaint alleges additionally that he “concealed the transfer of and information regarding the family trust accounts and has not properly registered the family trusts accounts to reflect all trustees.” The pending complaint alleges damages of $5 million.

According to the Financial Industry Regulatory Authority, Kevin McGregor holds 27 years of securities industry experience. Based in Concord, California, he has been a broker with Avantax Investment Services since 1994 and an investment advisor with Avantax Advisory Services since 2002. He is also registered with Avantax’s brokerage office in Walnut Creek, California. His credentials include the passage of six securities industry qualifying examinations: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Corporate Securities Limited Representative Examination, or Series 62; the Direct Participation Programs Representative Examination, or Series 22; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in California, Nebraska, Nevada, New Mexico, Texas, Utah, and Washington. (Information current as of July 20, 2022.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Nicholas Stovall: FINRA Bars Ex-Gradient Advisor

    Former Arden Hills, Minnesota financial advisor Nicholas Stovall (CRD# 5581487) was recently sanctioned and barred in connection with allegations that...

    Read More
  • Joseph Tranchina: FINRA Suspends Forte Financial Advisor

    Holmdel, New Jersey financial advisor Joseph Tranchina (CRD# 6085344) was recently sanctioned and suspended in connection with alleged rule violations....

    Read More
  • John Larsen: Raymond James Advisor Faces $3mm Complaint

    Scottsdale, Arizona financial advisor John Larsen (CRD# 2700922) recently received an investor complaint alleging that his trading resulted in seven-figure...

    Read More
  • Chris Polimeni: $1.6mm Complaint Against WIS Advisor

    Irvine, California financial advisor Chris Polimeni (CRD# 1643121) recently received an investor complaint alleging that he converted a customer’s assets....

    Read More
  • Previous
  • Next