Advisor Alert: Attorneys Investigating Kevin Albritton for High Fees

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

Former clients of Kevin Albritton who experienced losses related to excessive fees, unsuitable investments, or portfolio concentration may wish to have their accounts reviewed. Patil Law, P.C. represents investors seeking to understand their options for recovery. Request a complimentary case evaluation with attorney Chetan Patil and his team by calling (800) 950-6553 or sending us a message online. There are no attorney fees unless we successfully recover money for you.

Chetan Patil

Chetan Patil is the founder and Managing Partner of Patil Law. He brings over 15 years of extensive experience in diverse complex disputes and transactions across the country. Mr. Patil specializes in litigation, trials, arbitrations, and appeals of complex securities, FINRA, financial, and business disputes, with an emphasis on securities, financial services, and financial regulatory law. Linkedin