Schwartz Law Investigates Kendal Fordham of Privileged Planning, Inc.

Schwartz Law is currently investigating claims against Kendal Fordham a/k/a Kendal Cann (CRD# 6504618) of Privileged Planning, Inc. (CRD# 327124) and her prior firm, Planning Solutions International LLC dba Toams Financial (CRD# 300043). We are seeking information from anyone who has had dealings with Ms. Fordham, or who had similar investment-related losses when dealing with Ms. Fordham regarding the sale of complex structured notes. Based on our preliminary investigation, it appears that Ms. Fordham made materials misrepresentations to clients about complex structured notes at the point of sale and made further materials misrepresentations about the structured notes when they did not perform as anticipated.

What is a Structured Note?

A structured note is a debt obligation that also contains a derivative component that adjusts the security's risk-return profile. The return performance of a structured note will track both the underlying debt obligation and the derivative embedded within it. This type of note is a hybrid security that attempts to change its profile by including additional modifying structures which increase the bond's potential return or loss. The performance of a structured note is linked to the return on an underlying asset, group of assets, or index. Structured notes have two underlying pieces: a bond component and a derivative component. The bond portion of the note takes up most of the investment and provides some principal protection. The rest of the investment not allocated to the bond is used to purchase a derivative product and can provide high levels of risk to potential investors. The derivative portion is used to provide access to certain asset classes. Structured notes are extremely complicated, have the potential to suffer a loss of the principal investment, are hard to liquidate and sell on the secondary market and have a much higher risk of default when compared to traditional notes or debt obligations.

Who is Kendal Fordham?

Kendal Fordham a/k/a Kendal Cann is currently the owner, President and Chief Compliance Officer of Privileged Planning, Inc. Privileged Planning, Inc. is registered investment advisor registered with the state of Florida and located in Saint Johns, Florida. The firm was created in 2003. Ms. Fordham holds a Series 7, 65 and 66 license. Prior to operating Privileged Planning, Inc., Ms. Fordham worked for Planning Solutions International LLC dba Toams Financial. Toams Financial is a registered investment advisor with the U.S. Securities and Exchange Commission (“SEC”), which is organized as a corporation under the laws of the State of Florida. Toams Financial was founded in February 2013 by Mr. Mario Payne. Prior to working for Toams Financial, Ms. Fordham was registered and employed by Raymond James Financial Services Inc. and Raymond James and Associates.

Investigation of Kendal Fordham of Privileged Planning, Inc.

If you have suffered losses as a result of Kendal Fordham, Privileged Planning, Inc or Toams Financial, we would like to hear from you. We are currently investigating claims by a client who was sold dozens of complex structured notes by Ms. Fordham, which may have been overconcentrated in the client’s account. We would like to hear from you if you have had a similar experience given that the information you have may assist us in the adjudication of claims against Kendal Fordham, Privileged Planning, Inc and/or Toams Financial,. 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.