Kerry Lee Broderick - Investment Adviser

Investment Adviser Public Disclosure SEC and NASAA logo Image

Investment Adviser Search
Investment Adviser Data
Form ADV Data
Resources
Investment Advisor Representative
Report Summary

Individual
Firm

When communicating online or investing with any professional, make sure you know who you’re dealing with. Imposters might link to sites like BrokerCheck from phishing or similar scam websites, or through social media , trying to steal your personal information or your money. Please contact FINRA with any concerns.

< Back to Results

Detailed ReportReport

Kerry Lee Broderick

CRD#: 7344563

Previous Investment Adviser

Previous Broker

BARRED BY FINRA OR THE SEC

The SEC has barred this individual from acting as a broker or investment adviser or otherwise associating with firms that sell securities or provide investment advice to the public.

FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.

The representative was previously registered both as an investment adviser and as a broker. Visit BrokerCheck for more information on this individual's Broker record. Go to BrokerCheck Site

Licenses

Licenses

0 Licenses

Registration History

Disclosure(s)

View By:

6/12/2024

Regulatory

Final

Initiated By

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Allegations

The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest that public administrative and cease-and-desist proceedings be, and hereby are, instituted Kerry Lee Broderick ("Broderick" or "Respondent"). In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement (the "Offer") which the Commission has determined to accept. The Commission finds that Broderick was a registered representative at Broker-Dealer A, which is a dually-registered broker-dealer and investment adviser, when, in December 2022, her supervisor, Andrew M. Komarow ("Komarow"), engaged in a so-called "free-riding" scheme at Broker-Dealer A. Komarow knowingly made unfunded automated clearing house ("ACH") transfers of money from his bank account to his personal brokerage account at Broker-Dealer A and engaged in speculative trading with the resulting credits before the transfers were cancelled for insufficient funds. Komarow's trading resulted in significant losses to Broker-Dealer A. Broderick spoke to representatives at Broker-Dealer A to initiate trades for Komarow and to assure Broker-Dealer A that the trades that Komarow had placed should be processed and were funded. When Broderick participated in those calls, she knew, or was reckless in not knowing, or should have known that the information she was communicating to Broker-Dealer A was false. As a result of this conduct, Broderick both willfully aided and abetted and caused Komarow's violations of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.

Resolution

Order

Bar

Bar (Permanent)

Registration Capacities Affected

Participating in any Penny Stock offering

Duration

Indefinite

Start Date

6/12/2024

Registration Capacities Affected

Association with a broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or NRSRO

Duration

Indefinite

Start Date

6/12/2024

Sanctions

Cease and Desist

Sanctions

Penny Stock Bar

11/28/2023

Regulatory

Final

Previous Registration(s)

th hidden text	th hidden text	Name	Location
IA	01/08/2023 - 06/05/2023	HIBERNIA WEALTH PARTNERS, LLC (CRD#:319509)	Allston, MA
IA	01/03/2023 - 01/04/2023	ROYAL ALLIANCE ASSOCIATES, INC. (CRD#:23131)	West Hartford, CT
IA	10/10/2022 - 12/21/2022	PRIVATE ADVISOR GROUP, LLC (CRD#:155216)	Farmington, CT

HIBERNIA WEALTH PARTNERS, LLC (CRD#:319509)

Allston, MA

01/08/2023 - 06/05/2023

ROYAL ALLIANCE ASSOCIATES, INC. (CRD#:23131)

West Hartford, CT

01/03/2023 - 01/04/2023

PRIVATE ADVISOR GROUP, LLC (CRD#:155216)

Farmington, CT

10/10/2022 - 12/21/2022

For additional information about investment advisers or broker-dealers, please visit

www.investor.gov

Broker

A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both. Individuals who work for broker-dealers - the sales personnel are commonly referred to as brokers.

Investment Adviser

An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.

Disclosures

Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.