Kevin Regan is Facing Allegations from Trustees of a Charitable Trust

Kevin Regan (CRD #: 4726798), a broker registered with Northwestern Mutual Investment Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on January 5, 2023. Keep reading if you have questions about his alleged conduct. 

On October 30, 2023, successor trustees of a charitable remainder trust alleged that Kevin Regan failed to invest the trust’s funds in managed advisory accounts according to the trust provisions, and failed to advise the customers that he had failed to do so. The trustees also alleged that their personal assets were not invested according to their risk tolerance and circumstances. 

The trustees are seeking $305,000. 

FINRA Rule 2111 – Risk Tolerance

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, liquidity needs, and financial goals. Investments that do not take these factors into account may be unsuitable. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failing to consider an investor’s long-term goals and instructions may violate this rule. 

Background Information 

Kevin Regan has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 65 Uniform Investment Adviser Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company/ Products Variable Contracts Representative Examination 

He is a registered broker in 32 states and is a registered investment adviser in Florida. 

Kurta Law Can Help 

If you have worked with Kevin Regan and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.