Skip to main content

Exit WCAG Theme

Switch to Non-ADA Website

Accessibility Options

Select Text Sizes

Select Text Color

Website Accessibility Information Close Options
Close Menu
Carlson Law, P.A. Motto
  • Free Consultation
  • ~

Capital City Securities Rep Clint Keener Barred: Suitability

Former Powell, Ohio broker/adviser Clint Keener (CRD# 2250146) was recently barred by the Financial Industry Regulatory Authority (FINRA) in connection to allegations he refused to comply with a request for testimony during a FINRA investigation into whether he recommended unsuitable investments. Keener was most recently registered with Capital City Securities.

According to a Letter of Acceptance, Waiver and Consent (No. 2015048347901) dated November 2019, Clint Keener became registered with Capital City Securities in May 2012 as a General Securities Representative, then in November 2013 as an Investment Banking Representative. In September 2019, according to the AWC Letter, FINRA staff sent Keener a request to provide on-the-record testimony in connection with its ‘investigation into potential unsuitable recommendations.” Keener indicated to FINRA in an email via counsel on October 4, 2019, that he had gotten the request but would not appear for the requested testimony “at any time.” FINRA found that this refusal constituted a violation of FINRA Rule 8210, which authorizes FINRA to require persons under its jurisdiction to provide testimony regarding matters under its investigation. As a result of the foregoing alleged conduct, Keener was barred from associating with any FINRA member firm in any capacity.

According to Clint Keener’s BrokerCheck report, he was previously the subject of a FINRA sanction in 2010. That action alleged he made unsuitable trading recommendations involving “purchases resulting in an over-concentration of non-investment grade bonds and other equities” in the account of a couple over 60 years old with no investment experience. This action also alleged that he mis-marked order tickets for these customers and other customers as unsolicited when in fact the trades were solicited, and further that he exercised discretion in several customer accounts with verbal but not written authorization. As a result of this alleged conduct, FINRA suspended Keener for two months and ordered him to pay a fine of $7,500.

Clint Keener is currently not registered with any FINRA member firm. His previous registrations include Capital City Securities, WRP Investments, Stifel Nicolaus & Company, McDonald Investments, Michael Patterson Inc., Quantum Capital Corporation, and the Hamilton-Shea Group. He has passed five securities industry qualifying examination and currently holds no state securities licenses. (Information current as of April 25, 2020.)

Facebook Twitter LinkedIn

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Latest Blog Posts

Brian Marston: $1.7MM Real Estate Complaint Against Woodbury Rep

Greenwood Village, Colorado stockbroker and investment adviser Brian Marston (CRD# 733083) is involved in pending investor disputes. According to the Financial Industry Regulatory Authority, Marston is currently a representative of...

Read More

$3MM Complaint Against Elm Grove Rep Timothy Bartelt

Raymond James stockbroker Timothy Bartelt (CRD# 2501532) is the subject of an investor complaint alleging $3 million in damages. According to the Financial Industry Regulatory Authority, Bartelt is based in...

Read More

Michael Shillin: SEC Files SpaceX Charges Against Ex-AGP Rep

Former Altoona stockbroker and investment adviser Michael Shillin (CRD# 5927156) has been named in charges by the Securities and Exchange Commission alleging he deceived his investors. According to the Financial...

Read More

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Skip footer and go back to main navigation