Unsuitable Investment Recommendations with Kalos Capital, Inc. Broker Joshua Stivers?
Posted on Monday, December 2nd, 2019 at 12:36 pm
Kalos Capital, Inc. broker Joshua Stivers (CRD# 5708565) is accused of unsuitable investment recommendations. Stivers has been registered with Kalos Capital, Inc. in Austin, Texas since 2017. Previously, Stivers was registered with G.F. Investment Services, LLC in Austin, Texas from 2014 to 2017.
Stivers has been the subject of one customer complaint in 2019, according to his CRD report:
September 2019. “Client alleges that during the course of her relationship with broker from May 2017 to August 2018, the investments made were not suitable.” The customer is seeking $100,000 in damages and the case is currently pending. The allegations took place while Stivers was registered with Kalos Capital, Inc. and was regarding private equity.
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 Stivers’ 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.