Cetera Investment Services LLC broker Colin Kelty (CRD# 5859007) faces customer complaints related to unsuitable investment recommendations. He has been registered with Cetera Investment Services LLC in Oakbrook, Illinois, since 2011, and with Cetera Investment Advisers LLC in Oakbrook, Illinois, since 2014.
Colin Kelty Customer Complaints
He has been the subject of four customer complaints between 2014 and 2024, one of which was denied, according to his CRD report:
May 2024. “Claimant alleges unsuitable investment recommendations that resulted in losses.” The customer is seeking $1,567,400 in damages, and the case is currently pending. The complaint was regarding structured products, and it took place while he was registered with Cetera Investment Services LLC.
July 2023. “Claimant alleges representative failed to liquidate certain securities upon transfer.” The customer is seeking $240,000 in damages, and the case is currently pending. The complaint was regarding common and preferred stocks, and it took place while he was registered with Cetera Investment Services LLC.
September 2017. “Client alleges unsuitability.” The customer sought $507,069.29 in damages, and the case was settled for $249,999.99. The complaint was regarding variable annuity investment losses, and it took place while he was registered with Cetera Investment Services LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Cetera Investment Services LLC may be liable for investment or other losses suffered by Colin Kelty’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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