Investigation of Kalos Capital, Inc. Broker Kyle Kirwan
Posted on Thursday, June 24th, 2021 at 10:48 pm
Erez Law is interested in speaking with investors who may have suffered losses due to investments with Kalos Capital, Inc. broker Kyle Kirwan (CRD# 5088691). Kirwan has been registered with Kalos Capital, Inc. in Henderson, Nevada since 2015.
Kirwan has been the subject of two customer complaints between 2020 and 2021, according to his CRD report:
April 2021. “Breach of Fiduciary duty, over concentration in high risk securities.” The customer is seeking $152,508 in damages and the case is currently pending. The complaint was regarding direct investments, real estate securities, preferred stocks, and business development companies (BDCs).
April 2020. “Client claims that investments were unsuitable and Firm did not conduct its proper due diligence prior to recommending securities.” The customer sought $1,343,779 in damages and the case was settled for $54,037. The complaint was regarding fixed annuities, direct investments, common and preferred stocks, mutual funds, real estate securities,interval funds, and private equities.
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 Kirwan’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.