Did you lose money investing with former Kalos Capital, Inc. broker Joseph Roop (CRD# 2774470)? Roop has been registered with Dempsey Lord Smith, LLC in Belmont, North Carolina since July 2019. Previously, Roop was registered with Kalos Capital, Inc. in Belmont, North Carolina from 2009 to 2019.
Roop has been the subject of seven customer complaints between 2008 and 2019, according to his CRD report. Recent complaints are regarding:
July 2019. “Client alleges unsuitable investments in alternative securities (REITS, etc.) during the time period 11/2012 to 05/2017.” The customer is seeking $450,000 in damages and the case is currently pending. The complaint took place while Roop was registered with Kalos Capital, Inc. and was regarding oil and gas investments and real estate securities.
October 2018. “Clients allege unsuitable investments and sale of securities by a rep that was not properly registered in the State of Alabama. Approximate time period of all investments was January 2011 – July 2014.” The customer sought $100,000 in damages and the case was settled for $90,000. The complaint took place while Roop was registered with Kalos Capital, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Kalos Capital, Inc. may be liable for investment or other losses suffered by Roop’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.