Last Updated: February 2025 (St. Louis, MO)
National securities fraud lawyers at Patil Law P.C. are investigating former Cambridge Investment Research broker Kevin W. Albritton (CRD #727420) regarding allegations of recommending investments to generate excessive commissions and fees. The investigation stems from a recently settled FINRA arbitration that resulted in a significant $575,000 settlement.
Critical Insights About St. Louis Financial Advisor Kevin Albritton
- Advisor Name: Kevin W. Albritton
- CRD: 727420
- Location: St. Louis, MO
- Current Status: Not Currently Registered
- Previous Employer: Cambridge Investment Research (2012-2019)
- Professional Designations: CFP, ChFC
- Years of Experience: Since 1981
- Customer Disputes: One settled complaint
- Settlement Amount: $575,000
- Current Business: Albritton Financial Services
Details Of Recent Settlement
A FINRA arbitration filed in June 2022 alleged:
- Investment recommendations made primarily to generate high commissions and fees
- Clients were deprived of reasonable returns
- Improper portfolio diversification
- Focus on direct participation programs and oil & gas investments
- Case settled for $575,000 in July 2023
Analysis Of The Misconduct
The allegations raise serious concerns about:
- Commission-driven investment recommendations
- Potential conflicts of interest
- Portfolio diversification practices
- Risk management procedures
- Fiduciary duty obligations
- Client best interest standards
Regulatory Framework And Investor Protection
SEC Regulation Best Interest requires:
- Recommendations in clients’ best interests
- Full disclosure of all fees and costs
- Proper portfolio diversification
- Management of conflicts of interest
- Documentation of investment rationale
FINRA Rules Violation Concerns
FINRA Rule 2111 mandates:
- Suitable investment recommendations
- Reasonable basis for recommendations
- Client-specific suitability analysis
- Portfolio-level suitability review
- Documentation of suitability determinations
Professional Background
Mr. Albritton’s career includes:
- Entry into securities industry in 1981
- Multiple securities licenses and designations
- Seven-year tenure at Cambridge Investment Research
- Operation of Albritton Financial Services
- Previous employment at multiple major firms
Red Flags For Investors
- Large regulatory settlement
- Focus on commission-generating products
- Direct participation program concerns
- Oil and gas investment concentration
- Portfolio diversification issues
- No longer registered with FINRA
- Multiple firm changes
- Fee structure concerns
Implications For Current And Former Clients
Current and former clients should:
- Review all account statements
- Examine fee disclosures
- Analyze portfolio composition
- Check investment concentrations
- Document communication history
- Verify transaction authorizations
- Consider independent review
- Assess investment performance
Patil Law P.C. Will Help You Recover Your Investment Losses
If you were a client of Kevin Albritton and are concerned about excessive fees, unsuitable investment recommendations, or portfolio concentration issues, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
