Kieran John Loughran (CRD #2826208, Brooklyn, New York)

August 28, 2024 – An AWC was issued in which Loughran was assessed a deferred fine of $5,000, suspended from association with any FINRA member in all capacities for three months, and ordered to pay $43,495.37, plus interest, in deferred restitution to a customer. Without admitting or denying the findings, Loughran consented to the sanctions and to the entry of findings that he excessively and unsuitably traded the account of one customer, a senior who was a farmer and business owner. The findings stated that Loughran recommended high frequency inand-out trading to the customer, even when the price of his recommended securities did not materially change. The customer relied on Loughran’s advice and routinely followed his recommendations, and as a result, Loughran exercised de facto control over the account. Loughran’s trading in the customer’s account was excessive and unsuitable given the customer’s investment profile and his in-and-out trading in the customer’s account generated total trading costs of $49,633.24, including $43,495.37 in commissions, and caused $179,878 in total realized losses. The suspension is in effect from September 3, 2024, through December 2, 2024. (FINRA Case #2018056490314)   If you have suffered losses as a result of Kieran John Loughran's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Kieran John Loughran. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.