Close Menu
Free Consultation: 888-976-6111

Karen Cunningham: $150K Complaint Against Kestra Advisor

Oklahoma City financial advisor Karen Cunningham (CRD# 1134960) recently received an investor complaint alleging six-figure damages. Financial Industry Regulatory Authority records show that she is a broker and an investment advisor with Kestra Investment Services and Kestra Advisory Services, respectively.

Ms. Cunningham’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in August 2022, alleges that as a representative of Kestra Investment Services, she recommended an unsuitable investment in the Trust in Noble Royalty Access Fund IV, failed to make disclosures regarding commissions and risks, and misrepresented material facts relating to the investment. The pending complaint alleges damages of $150,000. 

An earlier investor complaint, filed in 2018, alleges that as a Kestra representative, she recommended an oil and gas product that suffered losses. The complaint alleged unspecified damages and was denied by the firm. 

A third investor complaint, filed in 1998, alleged that she made “incorrect” mutual fund purchases while at The Advisors Group. The complaint reached a settlement of $45,065.

According to the Financial Industry Regulatory Authority, Karen Cunningham holds 39 years of securities industry experience. Based in Oklahoma City, Oklahoma, she has been a broker with Kestra Investment Services since 2001 and an investment advisor with Kestra Advisory Services since 2016. Her past registrations include NFP Advisor Services (Austin, Texas; 2001-2016), The Advisors Group (Bethesda, Maryland; 1989-2001), Mutual Services Corporation (Boston, Massachusetts; 1989), Lowry Financial Services Corporation (1987-1989), ManEquity (1986-1987), Philadelphia LIfe Asset Planning Company (1986), Southwestern Management & Research Corporation (1985-1986), and New York Life Securities Corporation (1983-1985). Her credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; 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. She holds 26 state licenses. (Information current as of September 7, 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
Latest Blog Posts
  • Kingswood Advisor Brady Fuchs Receives Oil & Gas Complaint

    San Diego financial advisor Brady Fuchs (CRD# 3203016) has received an investor complaint alleging that his conduct resulted in five-figure...

    Read More
  • Bill Sines: New Complaint Against Senior Financial Services Advisor

    Multiple investor complaints against Seminole, Florida financial advisor Bill Sines (CRD# 2190586) allege that he recommended unsuitable investments. Financial Industry...

    Read More
  • Jason Rossi: $203K Complaint Against Aegis Capital Broker

    Melville, New York financial advisor Jason Rossi (CRD# 4384426) allegedly churned investments and made unauthorized trades, according to a recent...

    Read More
  • Lone Star Advisor Charles Bryant: $200K Suitability Complaint

    Sarasota financial advisor Charles Bryant (CRD# 5346404) is involved in an investor complaint alleging he provided unsuitable investment advice that...

    Read More
  • Previous
  • Next