In the Matter of Kingswood Capital Partners, LLC

Kingswood Capital Partners, LLC allegedly failed to establish and maintain written procedures reasonably designed to achieve compliance with suitability requirements with respect to alternative investments. Kingswood Capital Partners, LLC also allegedly failed to reasonably supervise a registered representative’s recommendations of alternative investments to three senior customers where the sales were not suitable given the customers’ investment profiles.

Summary generated from official Financial Industry Regulatory Authority press release