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Read MoreKNR Wealth’s Kevin Richards: $500K Investor Complaint
Laguna Niguel financial advisor Kevin Richards (CRD# 5157291) has received multiple investor complaints alleging his conduct resulted in six-figure losses. Records maintained by the Securities and Exchange Commission indicate that he is an investment advisor with KNR Wealth Management.
Mr. Richard’s Investment Advisor Public Disclosure form describes three recent investor complaints. The most recent, filed in January 2023, alleges that as a representative of KNR Wealth Management, he breached his fiduciary duty, recommended unsuitable high-risk investments, and provided misleading information in connection to the investments he recommended, which included a Viatical settlement. The pending complaint alleges damages of approximately $500,000.
An earlier investor complaint, filed in September 2022, alleges breach of fiduciary duty, negligence, fraud and deceit, mismanagement, and negligent misrepresentation while he was a representative of KNR Wealth Management. The pending complaint alleges damages of $523,000.
A third investor complaint, filed in December 2022, alleges the recommendation of unsuitable high-risk investments, inadequate due diligence, elder abuse, breach of fiduciary duty, and professional negligence. The pending complaint alleges damages in excess of $400,000.
According to the Securities and Exchange Commission, Kevin Richards holds 13 years of securities industry experience. Based in Laguna Niguel, California, he has been an investment advisor with KNR Wealth Management since 2015. His past registrations include William Jordan Investments (2012-2014) and Edward Jones (2008-2010), both in Laguna Niguel. His credentials include the passage of the Uniform Combined State Law Examination, or Series 66 exam. He is licensed in California, Florida, and Texas. (Information current as of February 3, 2023.)
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.
