Kirk Pickell: Investor Alleges that Unsuitable Recommendations Led to $10,000,000 Loss

Kirk Pickell (CRD #: 2294187), a broker and investment adviser registered with Janney Montgomery Scott, is involved in a $10,000,000 investor dispute, according to his BrokerCheck record, accessed on January 28, 2021. Investors should keep reading to learn the details of this allegation.

On November 27, 2020, an investor alleged that between 2009 and 2020, Kirk Pickell did not fully disclose fees associated with certain accounts. They further alleged that the fees were higher than stated and that Pickell recommended unsuitable hedge fund and annuity investments.  

On November 3, 2010, an investor claimed that Kirk Pickell executed unauthorized trades. This firm denied the dispute, which firms can do without facing any type of arbitration.

On August 6, 2002, Pickell was permitted to resign from RBC Dain Rauscher following allegations that he may have violated firm policies regarding reporting sales conducted outside the firm.

Kirk Pickell has passed the Series 65 Uniform Investment Adviser Law Examination, Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination. He has registered as a broker in 22 states and a registered investment adviser in Arizona, California, and Rhode Island.

During his 28 years of experience, Pickell has worked at the following firms:

  • RBC Dain Rauscher (CRD #: 31194)
  • Tucker Anthony (CRD #: 837)

If Kirk Pickell was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email for a free case consultation with a securities attorney.

Leave a Comment