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.
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.
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