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
  • Dale Hester: Texas Investigates Calton & Associates Advisor

    Canton, Texas financial advisor Dale Hester (CRD# 1992112) is under investigation by state securities authorities for allegations of misconduct. Financial...

    Read More
  • Ray Anthony: $558K Complaint Against Fincadia Advisor

    Sunrise, Florida financial advisor Ray Anthony (CRD# 4565686) allegedly misrepresented an investment, according to a recent investor complaint. Financial Industry...

    Read More
  • Frank Bodi: Asset Strategies Advisor Fired by Landolt Securities

    Former Solon, Ohio financial advisor Frank Bodi (CRD# 1107838) was recently fired from a former member firm in connection with...

    Read More
  • Edward Prince: $140K Complaint Against Moloney Advisor

    Kansas City, Missouri financial advisor Edward Prince (CRD# 4647442) recently received an investor complaint alleging that his conduct resulted in...

    Read More
  • Previous
  • Next