KCD Financial

There are Recent Customer Complaints with Broker Roy Williams in Firm Kcd Financial, Inc.

March 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roy Williams (Williams), currently associated with Kcd Financial, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Williams recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on November 20, 2024.

Alleged to have not met judiciary duty did not match suitability requirements lack supervision failure to comply with rules and obligations failed to properly allocate portfolio gross negligence breach of contract related to the sale of L Bonds and real estate investment trust.

There are Recent Customer Complaints with Broker Azmi Sharif in Firm Kcd Financial, Inc.

March 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Azmi Sharif (Sharif), previously associated with Kcd Financial, Inc., has at least 2 disclosable events. These events include 2 tax liens, alleging that Sharif recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on February 02, 2025.

While registered as an investment advisor in the state of Illinois, Azmi Sharif entered into a Letter of Acceptance, Waiver and Consent (“AWC”) with FINRA a self-regulatory organization registered under Federal Act. Pursuant to AWC No. 2022076175702, on June 11, 2024. Azmi Sharif violated Rules 3280 and Rule 2010, based upon the following facts. Azmi Sharif was a founding investor and employee in a crypto asset mining company. In February, 2022, he and his partner Sharif Sharif held a meeting with LPL customers concerning investment in the company. Both investors and investor family members collectively invested approximately $900,000 in securities known as SAFEs (simple agreements for future equity). The investments were, among other things, the purchase of crypto asset mining equipment. LPL was notified of the transaction. The FINRA AWC resulted in a nine month suspension from associating with any FINRA member in all capacities. The current action seeks revocation in Illinois based upon the FINRA AWC

Broker John Openshaw in KCD Financial, Inc. Firm Has Customer Complaint

January 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Openshaw (Openshaw), previously associated with KCD Financial, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Openshaw recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $300,000.00 on November 11, 2024.

Three purchases of REITS occurring between 08/03/2018 and 02/19/2019. Client claims transactions were unsuitable

Christopher Parr Under Investigation in Connection With Borrowing Client Funds

November 8, 2017 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) advisor Christopher Parr (Parr), in October 2017, was under investigation by FINRA based on a preliminary determination that Parr’s conduct allegedly violated FINRA Rules 3240, 3280, and 2010. In addition, the state of Kansas has a pending regulatory mater concerning allegations that Parr borrowed money from a client on three occasions and did not disclose the loans to his firm. These allegations concern conduct that occurred while Parr was registered with KCD Financial, Inc. (KCD Financial).

At this time it is unclear the extent and scope of Parr’s activities. Parr’s CRD lists that he does business under the name First Capital Group, Inc.

The providing of loans or selling of notes and other investments outside of a brokerage firm constitutes impermissible private securities transactions – a practice known in the industry as “selling away”.