Category Archives: Kalos Capital

Daniel R. Saur-Kalos Capital Broker-Discloses Pending Customer Arbitration-Dallas, TX

October 2017-Dallas, TX

The FINRA records of  Daniel R. Saur  ,  a  stockbroker who is currently  employed by  Kalos Capital  disclose  a pending customer dispute and a  a prior final customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA Case 15-2389, a customer of Kalos Capital and D.R. Saur Financial alleged damages of $100,001 resulting from an investment in a viatical settlement That case was settled in 3/2017 for $87,195.

In currently pending FINRA Case 17-0046 a customer of Kalos Capital seeks damages of $500,000 and alleges inadequate due diligence, unsuitable recommendations and failure to supervise Saur in connection with the purchase of oil & gas investments, real estate securities and a viatical settlement.

Daniel R. Saur has been a registered representative of Kalos Capital since 4/2009 and is also a registered investment adviser with D.R. Saur Financial.

If you have questions about an account  handled by Daniel R. Saur  call for a no charge consultation.

Viatical Settlement

A viatical settlement is a contract whereby a person diagnosed with a terminal illness sells their life insurance policy for less than its face value in order to obtain a portion of the proceeds while still alive. The buyer (investor) obtains the full value of the policy upon the death of the insured.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Frederick P. Baerenz-Kalos Capital Broker-Ordered to Pay Customer $331K-Great Falls, VA

May 2017-Great Falls, VA

The FINRA records of  Frederick P. Baerenz,  a  stockbroker who is currently  registered with Kalos Capital  disclose that a FINRA arbitration panel awarded damages to a customer Baerenz recently.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA arbitration 15-0443, a customer of Kalos Capital and Pacific West Securities alleged damages of over $1 million for unsuitable trading and negligence in connection with an investment in equipment leasing, oil & gas and real estate investments. The three member arbitration panel awarded $331,000 to Baerenz’s former customer. Bond, et al v Baerenz. 

Frederick P. Baerenz has been employed by Kalos Capital since 5/2013. He was employed by Cetera Advisors from 12/2011-5/2013 and Pacific West Securities 9/2004-12/2011.

If you have questions about an account  handled by Frederick P. Baerenz , contact us to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Curtis L. Whipple- Kalos Capital Broker-Discloses Customer Disputes-Plymouth, MI

May 2017-Plymouth, MI

The FINRA records of  Curtis L. Whipple,  a  stockbroker who is currently  registered with Kalos Capital  disclose a prior regulatory event, a pending customer dispute, 3 prior customer disputes and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In pending FINRA arbitration 17-0633, a customer of Whipple’s  prior employer, Investacorp. Inc.  alleges damages of $99,000 for unsuitable investments in limited partnerships and direct investments.

Curtis L. Whipple has been employed by Kalos Capital since 11/2012. He was employed by Investacorp from 10/2008-11/2012.

If you have questions about an account  handled by Curtis L. Whipple , contact us to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Daniel R. Saur-Kalos Capital Broker-Discloses Customer Disputes Over Viatical Settlements-Dallas, TX

May 2017-Dallas, TX

The FINRA records of  Daniel R. Saur  ,  a  stockbroker who is currently  employed by  Kalos Capital  disclose  a pending customer dispute and a  a prior final customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA Case 15-2389, a customer of Kalos Capital and D.R. Saur Financial alleged damages of $100,000 resulting from an investment in a viatical settlement That case was settled in 3/2017 for $87,195.

In currently pending FINRA Case 17-0046 a customer of Kalos Capital seeks damages of $500,000 and alleges inadequate due diligence, unsuitable recommendations and failure to supervise the broker in connection with the purchase of oil & gas, real estate securities and a viatical settlement.

Daniel R. Saur has been employed by Kalos Capital since 4/2009.

If you have questions about an account  handled by Daniel R. Saur  call for a no charge consultation.

Viatical Settlement

A viatical settlement is a contract whereby a person diagnosed with a terminal illness sells their life insurance policy for less than its face value in order to obtain a portion of the proceeds while still alive. The buyer (investor) obtains the full value of the policy upon the death of the insured.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Mark Trewitt-VFG Securities Broker -Discloses Customer Disputes-Plano, TX

Plano, Texas

JUNE 2017 UPDATEMark Trewitt discloses two additional customer disputes:

  • FINRA Case 17-0669- a customer of VFG Securities alleges damages of $300,000 for an overconcentration of unsuitable alternative investments, including limited partnerships, equipment leasing, promissory notes and real estate securities.
  • A claim by a VFG Securities customer in 6/2016 alleging damages of $130,000 for unsuitable investments and recommendations from 12/2012-6/2015.

UPDATE November 2016VFG Securities and Jason Vanclef sanctioned by FINRA. 

ORIGINAL POST 5/2016According to FINRA records, Mark A. Trewitt  a broker who is  registered  with VFG Securities in Plano, Texas , discloses that he was recently named in a customer dispute over investments in real estate investment trusts (REITs) and private placement investments.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Disclosure on the FINRA record indicates that a customer of Madison Avenue Securities and VFG Securities alleges damages of $300,000 related to the purchase of unsuitable REITs and private placements between 2007 and 2011. The customer alleges that he was sold the investments through inducement and misrepresentations.

Trewitt also discloses that in 2014, a customer of VFG Securities alleged damages of $25,000 in connection with an investment in another private placement, KBR Barons Cove. That matter was settled for $25,000.

Trewitt has been registered with VFG Securities since 11/2010. Prior to that he was registered with Madison Avenue Securities and Kalos Capital.  Trewitt discloses business affiliations with Insurance Funding Solutions LLC, Integrated Marketing Solutions, The Plus Group, Exceptional Risk Advisors, First Life Funding Succession Capital Alliance, SDC Energy (Sandview Development Corp) and Kosmos Mgmt. 

If you have questions about  a brokerage account handled by Mark A. Trewitt  or losses in your account at VFG Securities , call to discuss your legal options with an experienced securities attorney.

VFG Securities is currently being investigated by FINRA for sales practice violations related to the sale of REITs and non traded alternative investments. See this for more information. 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870