Kevin Canfield is a Pennsylvania based securities broker. He has worked in the securities industry for twenty-six years. During his career, he has been registered with three different securities firms.
His registrations include; Metropolitan Life Insurance Company (1992-2007), MSI Financial Services (1992-2017), and MML Investors Services (2017-Present).
Kevin Canfield’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In August 2005, customers alleged unsuitable investments, misrepresentations and omissions, and unauthorized trading against Kevin Canfield. This case was settled for $70,000 in damages.
In December 2005, a customer alleged unsuitability, misrepresentation and omission, excessive commissions, negligence, negligent misrepresentation, fraud, breach of contract, breach of fiduciary duty, unsuitable investments, and violation of federal and state securities laws. This case was settled for $80,000 in damages.
In December 2009, a customer alleged that the variable annuity they purchased on Canfield’s recommendations had been misrepresented to them by Canfield.
In August 2011, customers alleged that Canfield purchased unsuitable securities and exposed their accounts to unnecessary risk while he was in control of their retirement accounts. This case was settled for $245,000 in damages.
In October 2012, customers alleged that Canfield recommended unsuitable products and excessive distribution amounts while he was in control of their retirement account. This case was settled for $27,500 in damages.
In February 2015, customers alleged misrepresentation regarding variable annuities.
In January 2016, a customer alleged that Kevin Canfield allocated the funds within his investment account without the customer’s knowledge.
Also in January 2016, a customer alleged fraud, misrepresentation, and violation of state securities act. This case was settled for $36,000 in damages.
In July 2018, a customer alleged fraud, misrepresentation regarding the purchase of annuities. This case is currently pending. The customer is seeking $100,001 in 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 Kevin Canfield, please contact Oakes & Fosher for a free and private consultation.