From the File
February 8th 2018
Dear Ryan Maul,
This letter of voluntarily resignation is addressed to you because your superiors have not returned correspondences. Likely because ethical boundaries were crossed in fabricating facts to forward personal inter-company promotions. I may have threatened your orthodoxy but my refusal to shut down outside business activities in compliance with new management was against initial agreements initiated during the asset sale of First Montauk Securities.
As you recall, I left Merrill Lynch for a national title and created shareholder value by cascading recurring revenue models to ranking staff for implementation. Despite developing a high margin business for them, the stark realization was years of debt might preclude the higher end of my performance bonuses. Being a team player, I expanded my roll from Sales Director to explorer an exit strategy for the cash strapped business. As a result, I needed to scale directives in my newly created Sales Mgmt Council to align a leveraged buyout.
When hopes the firm would buy my Sales Mgmt Council idea were dashed. The exiting CEO permitted me to orchestrating an alliance of other Wall Street executives to provide outside financial firms perspectives needed to implement operational efficiency and crystallized corporate cultures. The investment industry clearly required a paradigm shift, and even before the sale to FAS was finished my evolved entrepreneurial idea, called Strategic Management Advisors, was advising B-D’s across America.
Soon FAS faced problems of its own and was acquired by Cetera Advisors LLC, another poorly run firm. By then I had long departed and you only housed old licenses, as my attention turned to SMA Merger & Acquisitions, that I eventually sold. It was then you alleged, I broke OBA disclosures and attempted to cancel my non-producer trading privileges. I acquiesced only because my new passion was doing cutting-edge research for my first book called, “The Quiet Rich”. Again you agreed to continue my institutional trading privileges at deeply discounted commission rates.
By 2016, more financial difficulty caused reorganization into Aretec and a new corporate mop-up began. As a non-producer, with privileges grandfathered in from the first merger in 2004 I was too expensive (even though my assets exceeded average brokers with only 4 personal accounts). When Genstar took over in 2018 you absurdly demanded both me and my wife shut down our businesses. I refused purely on lack of logic and you coerced discretionary trading allegation in 2 family accounts, to push me out.
Unlike you, a failed producer who found safety in the operational side of the business. My 25-years career had only two blemishes; a firm wide complaint at Paine Webber, and failure to supervise at Merrill Lynch—integrity well above normal. Therefore, I voluntarily resign without cause. My intention is to let series 7&8 expire as they were kept only for legacy, and focus on my next book, “Reawakening an American Dream”. Attached: Find all verifying documentation.
Sincerely, Kevin j Palmer
The investment industry clearly required a paradigm shift, and even before the sale to FAS was finished my entrepreneurial idea, called Strategic Management Advisors http://smainstitute.com was advising B-D’s across America.Soon FAS http://www.firstallied.com faced problems of its own and was acquired by Cetera Advisors LLC., https://www.cetera.com/ another poorly run firm.By then I had long departed employment, with you only housing old licenses, and turned my attention to SMA Merger & Acquisition https://www.dandb.com/businessdirectory/smamergersandacquisitionsl-scottsdale-az-5681659.html .It was then you alleged, I broke OBA disclosures and attempted to cancel my non-producer trading privileges. Former Arizona-based First Allied Securities broker/adviser Kevin Palmer was recently discharged from his former employer and is currently not …I acquiesced only because my new passion was doing cutting-edge research for my first book called, “The Quiet Rich” http://thequietrich.com/. You again agreed to continue my institutional trading privileges at deeply discounted commission rates.Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 26, 2018When Genstar https://www.gencap.com/ took over in 2018 you absurdly demanded both my wife and me shut down our businesses. I refused purely on lack of logic and you coerced discretionary trading allegation in 2 personal and 2 family accounts, to push me out.Kevin Palmer Terminated From First Allied Securities Over …