Sean Michael Kane

On November 7, 2024, the Securities and Exchange Commission (SEC) barred Sean Michael Kane, a former investment adviser and broker-dealer representative, from association with any regulated financial entities following findings of fraudulent misconduct and breach of fiduciary duty.

The SEC’s complaint revealed that Kane, who worked as a registered representative and investment adviser representative between 2018 and 2023, was terminated by his employer for violating internal policies. Subsequently, Kane engaged in deceptive practices to mislead clients and convince them to transition to a new investment advisory firm.

The SEC outlined the following fraudulent activities in its findings:

• Kane falsely claimed he voluntarily left his previous employer, Investment Adviser 1, after being terminated for cause.
• He misrepresented his ongoing association with Investment Adviser 1, despite being unable to execute transactions in client accounts.
• To obscure his termination and prevent clients from discovering the truth, Kane impersonated clients during telephone calls with Investment Adviser 1 to execute unauthorized securities transactions.

A final judgment was entered against Kane on October 29, 2024, permanently enjoining him from violating Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. In addition to the bar, Kane may apply for reentry into the industry after three years, subject to stringent conditions, including compliance with SEC orders and resolution of any penalties or restitution tied to his misconduct.

If you or someone you know was impacted by Sean Michael Kane’s actions or invested under his advisement, you may be eligible for financial recovery. At ChapmanAlbin, we specialize in representing investors harmed by financial misconduct. Contact us today to discuss your options.