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Invesco Complaint Against Clovis Advisor Alan Kinlund
Edward Jones financial advisor Alan Kinlund (CRD# 6137536) recently received an investor complaint alleging that his advice resulted in six-figure losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Clovis, New Mexico.
Mr. Kinlund’s BrokerCheck report discloses one investor complaint. Filed in September 2022, it alleges that as a representative of Edward Jones, he misrepresented material facts relating to an Invesco High Yield Fund product purchased in October 2020. The pending complaint alleges damages of $482,623.17.
For reference, securities industry standard forbid brokers like Mr. Kinlund from making misrepresentations of material facts regarding the investments and/or strategies they recommend to their clients. FINRA Rule 2020 stipulates specifically that no broker shall “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” A material fact is any information that forms a significant consideration to investors weighing an investment product or strategy—for instance, whether the investment is risky or whether their principal would be protected. Brokers who make misrepresentations of material facts regarding their recommendations may be liable in the event of losses.
According to the Financial Industry Regulatory Authority, Alan Kinlund holds nine years of securities industry experience. Based in Clovis, New Mexico, he has been a broker and an investment advisor with Edward Jones since 2013. He has no previous registrations. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Kansas, Louisiana, Maine, Nevada, New Mexico, New York, Oregon, South Carolina, Texas, and Washington. (Information current as of October 26, 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.