Kevin McGrady: Oil & Gas Complaint Against Cranston Advisor

LPL Financial advisor Kevin McGrady (CRD# 2186164) recently received an investor complaint alleging his investment advice resulted in losses. Financial Industry Regulatory Authority records show that he is a broker and investment advisor based in Cranston, Rhode Island, doing business as Integrated Wealth Concepts. 

Mr. McGrady’s BrokerCheck report discloses one investor complaint against him. Filed in July 2022, it alleges that as a representative of LPL Financial, he recommended an unsuitable oil and gas investment. (An unsuitable investment, for reference, is one that is considered inappropriate for an investor’s particular background and objectives.) The pending complaint alleges unspecified damages.

According to the Financial Industry Regulatory Authority, Kevin McGrady holds 24 years of securities industry experience. Based in Cranston, Rhode Island, he has been a broker and an investment advisor with LPL Financial and Integrated Wealth Concepts, respectively, since 2016. His past registrations include LPL Financial (Warwick, Rhode Island; 2018-2020), Lincoln Financial Advisors Corporation (Waltham, Massachusetts; 2008-2016), New England Securities (East Providence, Rhode Island; 2003-2008), and Veravest Investments (Worcester, Massachusetts; 1997-2003). 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; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, Colorado, Connecticut, Florida, Georgia, Maine, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas, and Virginia. (Information current as of August 26, 2022.)

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