Real Estate Security Losses with Former First Allied Securities, Inc. Broker Peter Kalmus

First Allied Securities

Erez Law is currently investigating former First Allied Securities, Inc. broker Peter Kalmus (CRD# 1522531) regarding real estate security losses. He has been registered with Cetera Advisors LLC in Pasadena, California, since 2022, and Cetera Investment Advisers LLC in Rancho Cucamonga, California, since 2020. He was registered with First Allied Securities, Inc. in Pasadena, California, from 2007 to 2022, and First Allied Advisory Services, Inc. in Pasadena, California, from 2012 to 2020.

Peter Kalmus Faces Real Estate Investment Loss Complaints

He has been the subject of one customer complaint, according to his CRD report:

January 2026. “Client alleges unsuitable REIT investments.” The customer is seeking $100,000.01 in damages. The complaint took place while he was registered with First Allied Securities, 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, First Allied Securities, Inc. may be liable for investment or other losses suffered by Peter Kalmus’ 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.

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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.