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Arkadios Capital Broker Kevin Rainwater Recovery Loss Options

Posted on Tuesday, July 14th, 2020 at 7:26 pm    

Arkadios Capital

Were you the victim of Arkadios Capital broker Kevin Rainwater (CRD# 3098443)? Rainwater has been registered with Arkadios Capital in Atlanta, Georgia since 2017 and with ACG Wealth Inc. in Atlanta, Georgia since 2010.

Rainwater has been the subject of four customer complaints between 2019 and 2020, according to his CRD report:

March 2020. “Unsuitable and unauthorized trading during early 2017 to present.” The customer is seeking $650,000 in damages and the case is currently pending.  The complaint took place while Rainwater was registered with Arkadios Capital and was regarding private placements.

March 2020. “Unsuitable product September 2017 to present.” The customer is seeking $125,000 in damages and the case is currently pending.  The complaint took place while Rainwater was registered with Arkadios Capital and was regarding private placements.

February 2020. “Unsuitable product from March 2017 through present.” The customer is seeking $100,000 in damages and the case is currently pending.  The complaint took place while Rainwater was registered with Arkadios Capital and was regarding private placements.

April 2019. “Unsuitable products/misrepresentations.” The case was settled for $90,000. The complaint took place while Rainwater was registered with Arkadios Capital and was regarding private placements.

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, Arkadios Capital may be liable for investment or other losses suffered by Rainwater’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.