Kirk Crossen Broker Misconduct Investigation | FINRA Suspension and Criminal Charges

Kirk Crossen Broker Misconduct Investigation | FINRA Suspension and Criminal Charges

Kirk Crossen (CRD #2742256), a former registered broker and investment adviser with more than 27 years of experience, is the subject of multiple regulatory actions, customer disputes, and now criminal charges in Indiana. FINRA records show that Crossen is currently suspended from the securities industry, and state authorities allege that he misused hundreds of thousands of dollars entrusted to him by an investor.

The White Law Group is reviewing regulatory filings and recent criminal allegations involving broker Kirk Crossen to determine whether affected investors may have potential claims to recover losses.

FINRA Suspension of Broker Kirk Crossen

According to the Financial Industry Regulatory Authority (FINRA), Kirk Crossen was reportedly suspended in May 2025 for failing to comply with an arbitration award or settlement agreement, or for failing to respond adequately to FINRA requests for information. The suspension is indefinite and remains in effect until the required obligations are satisfied.

In addition to the suspension, FINRA lists a pending regulatory complaint alleging serious misconduct. FINRA alleges that Crossen borrowed approximately $400,000 from a customer through three separate loans, despite firm policies that prohibited borrowing from clients who were not immediate family members. The customer was a trust whose beneficial owner was reportedly 84 years old and suffering from diminished capacity at the time of the loans.

FINRA further alleges that Crossen concealed these loans by falsely stating on firm compliance questionnaires that he had not borrowed money from customers.

Termination from Raymond James and Prior Employment History

Crossen was reportedly discharged by Raymond James & Associates in November 2023 following allegations that he lacked candor during an internal inquiry related to a loan from a former client. His registration history shows prior associations with major brokerage firms, including:

• Raymond James & Associates

• Morgan Stanley

• Wells Fargo Advisors

• Citigroup Global Markets

Despite this lengthy industry background, Crossen currently holds no active FINRA registrations or state licenses.

Criminal Investment Fraud Charges in Indiana

In December 2025, Indiana authorities charged Kirk Crossen with four felony counts, including:

• Investment fraud

• Theft of property valued over $50,000

• Fraudulent or deceitful acts in connection with securities

• Acting as an unregistered investment adviser

According to court documents, investigators allege that Crossen solicited approximately $275,000 from a long-time friend while he was not registered to provide investment advice in Indiana. Authorities claim that the funds were misused for personal gambling, housing, dining, and golfing, rather than legitimate investment purposes.

The investigation further alleges that Crossen promised a “very conservative” investment strategy, while instead engaging in extremely risky trading and personal use of funds. Prosecutors state that all of the wired funds were lost.

A warrant for Crossen’s arrest was reportedly issued in November 2025. No court date has yet been set.

Pending Customer Arbitration Claims

FINRA disclosures also show multiple pending customer disputes, including:

• A claim seeking more than $872,000, alleging failure to manage joint accounts in the client’s best interest

• A separate pending claim seeking $6 million, alleging unsuitable investment strategies

These claims add to a growing record of customer complaints and regulatory scrutiny involving broker Kirk Crossen.

How The White Law Group Can Help Investors

The White Law Group represents investors nationwide in FINRA arbitration claims involving broker misconduct, unsuitable investment recommendations, fraud, and elder financial abuse. Investors who suffered losses while working with Kirk Crossen, or who were solicited outside of a brokerage firm, may have recovery options through arbitration or other legal avenues.

Frequently Asked Questions

Who is broker Kirk James Crossen?

Kirk James Crossen is a former registered broker and investment adviser with 27 years of experience. He previously worked at firms including Morgan Stanley, Wells Fargo Advisors, and Raymond James. FINRA currently lists him as suspended from the securities industry.

Why was Kirk Crossen suspended by FINRA?

FINRA reportedly suspended Crossen in May 2025 for failing to comply with an arbitration award or settlement agreement, or for failing to adequately respond to FINRA requests regarding compliance.

Can investors recover losses involving Kirk Crossen?

Potentially. Investors who suffered losses may be able to pursue recovery through FINRA arbitration, particularly if misconduct, unsuitable recommendations, fraud, or misuse of funds can be established.

If you or a loved one invested with Kirk Crossen and suffered losses, contact The White Law Group for a free consultation.
Our firm focuses exclusively on representing investors in securities fraud and broker misconduct cases.