The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Clint Keener. According to his publicly available FINRA BrokerCheck report, Clint Keener has been the subject customer complaints and FINRA sanctions.
Clint Keener was an Ohio based securities broker. He worked in the securities industry for twenty-two years. During his career, he was registered with seven different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- The Hamilton-Shea Group (1996-1997)
- Quantum Capital Corporation (1997-1998)
- Michael Patterson (1998-1999)
- McDonald Investments (1999-2001)
- Stifel, Nicolaus & Company (2001-2008)
- WRP Investments (2009-2012)
- Capital City Securities (2012-2019)
The Allegations
- In December 2005, a customer alleged that Clint Keener misled them about the risks associated with their investments. This case was settled for $33,000 in damages.
- In January 2006, a customer alleged that Clint Keener recommended unsuitable investments. This case was settled for $12,000 in damages.
- In October 2008, Clint Keener was discharged from his position at Stifel, Nicolaus & Company. This followed allegations that he executed unauthorized trades.
- In July 2010, Clint Keener was officially sanctioned by FINRA. The findings in this matter state that he unsuitably recommended a sixty year old couple, with no investment history, over-concentrate their account in non-investment grade bonds and other unsuitable equities. Due to these alleged actions, Clint Keener was fined $7,500 and was suspended from acting as a securities broker in any fashion for a period of two months.
- In November 2019, Clint Keener was once again sanctioned by FINRA. The findings in this matter state that Keener failed to comply with an investigation into his alleged unsuitable investment recommendations. Due to this alleged failure to comply, Clint Keener was barred by FINRA from acting as a securities broker in any fashion.
Unsuitable Recommendations
Securities brokers have an obligation to their customers to only recommend securities that they (the investors) are financially suited for. Securities brokers can determine this suitability by looking at a multitude of factors. These include the customer’s investment objectives, age, financial situation, liquidity needs, risk tolerance, net worth, and more. A failure to oblige in this matter constitutes as a failure to perform their job to the necessary standard.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Clint Keener, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.
