Were you the victim of former Kalos Capital, Inc. broker Martin McFarlin (CRD# 2838151) regarding unsuitable investment recommendations? He has been registered with Arkadios Capital in Murfreesboro, Tennessee since 2020. Previously, he was registered with Kalos Capital, Inc. in Murfreesboro, Tennessee from 2013 to 2020.
Martin McFarlin Customer Complaints
He has been the subject of three customer complaints between 2019 and 2022, according to his CRD report:
April 2022. “Fraud, negligence, negligent Supervision, breach of fiduciary duty, breach of contract, third party breach of contract.” The customer is seeking $999,999 in damages and the case is currently pending. The complaint was regarding non-traded real estate investment trusts (REITs) and business development companies (BDCs) and took place while he was registered with Kalos Capital, Inc.
January 2021. “Unsuitable Products.” The customer sought $500,000 in damages and the case was settled for $60,763. The complaint was regarding direct investments and real estate securities and took place while he was registered with Kalos Capital, Inc.
September 2019. “Customer alleges unsuitable investments.” The customer sought $100,000 in damages and the case was settled for $50,000. The complaint was regarding private equity and alternative investments and took place while he 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 Martin McFarlin’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you 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.