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Kevin Dauphinee Allegedly Recommended an Unsuitable Investment

Kevin Dauphinee (CRD #: 5847437), a previously registered broker with Portsmouth Financial Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 27, 2024. Keep reading if you have questions concerning his alleged conduct. 

Investor Allegations

On July 25, 2024, an investor alleged that Kevin Dauphinee recommended an investment strategy that was not in their best interest. The investor is seeking $100,000. 

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information 

Kevin Dauphinee has passed the following exams:

  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products/ Variable Contracts Representative Examination 

During his six years of experience, he has registered with the following firms: 

  • Portsmouth Financial Services (CRD #: 13980) 
  • NYLife Securities (CRD #: 5167) 
  • SummitAlliance Securities (CRD #: 45915) 
  • New England Securities (CRD #: 615) 

Kurta Law Can Help 

If you worked with Kevin Dauphinee and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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