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Brian C. Kennedy: Oil & Gas Complaints Against KCA Wealth Advisor
Camp Hill, Pennsylvania financial advisor Brian Kennedy (CRD# 2321416) has received investor complaints concerning oil and gas investments. Financial Industry Regulatory Authority records show that he is a broker and investment adviser with Cambridge Investment Research, doing business as KCA Wealth Management.
Mr. Kennedy’s BrokerCheck report discloses two pending investor complaints. Both filed in 2022, they allege that he recommended an unsuitable oil and gas investment. The pending complaints allege unspecified damages believed to be greater than $5,000.
In comments on the disclosures concerning the pending investor complaints listed on his BrokerCheck report, Mr. Kennedy stated his belief that the allegations are false. “The client has stated that he intended only to assert allegations against Lincoln Financial Advisors,” he wrote on each, “and that he did not intend to assert any allegations as to me. I plan to seek expungement.”
Another disclosure on Mr. Kennedy’s BrokerCheck report concerns his 2018 firing from Lincoln Financial Advisors. The disclosure states that his termination followed the firm’s discovery that after his appointment was terminated by an insurance carrier, he “utilized former and current associates of his company who became appointed with that carrier to service the carrier’s non-securities policies he had sold.”
In a comment on the disclosure, Mr. Kennedy stated: “I had a number of clients that owned fixed products with an insurance carrier, that I sold.” His appointment with the company “was terminated without cause” after he left its broker-dealer, he wrote, continuing: “Later, my current and former business associates became appointed with that carrier and we continued to service those policy holders through those associates and with their consent.”
According to the Financial Industry Regulatory Authority, Brian C. Kennedy holds 29 years of securities industry experience. Based in Camp Hill, Pennsylvania, he has been registered with Cambridge Investment Research since 2022, and does business as KCA Wealth Management. His past registrations include Concourse Financial Group (Camp Hill, Pennsylvania; 2018-2022), Lincoln Financial Advisors Camp Hill, Pennsylvania; 2010-2018), Equity Services (Harrisburg, Pennsylvania; 2002-2010), and Pruco Securities Corporation (Newark, New Jersey; 1993-2002). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Alabama, Arizona, California, Delaware, Georgia, Indiana, Iowa, Maryland, New Jersey, New York, Pennsylvania, Rhode Island, South Carolina, Texas, and Washington. (Information current as of June 8, 2022.)
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