Category Archives: Kalos Capital

Dale Johnson, Jr. -Stifel, Nicolaus & Company Broker-Discloses Pending Dispute-Abilene, TX

June 2020 -Abilene, TX

The FINRA records of Dale Franklin Johnson  , a stockbroker registered with StifelNicolaus & Company , disclose a pending 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 September 2019,  a customer of Morgan Stanely & Co. filed  FINRA case #19-02913 alleging failure to supervise with respect to Financial Advisor’s management of trust account from 2004 until 2015.

Johnson has been employed with StifelNicolaus & Company since June  of 2020.    Prior employer was  Morgan Stanley.  Johnson discloses a business affiliation with Archives & Security, Inc.  in Abilene, TX.

If you have questions about an account handled by Dale Johnson, Jr.  call for a no charge consultation with an experienced securities attorney.

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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jon Reppert-Former Madison Avenue Securities Broker-Discloses $18.3M Pending Customer Dispute-Addison, TX

April 2020 -Addison, TX

The FINRA records of Jon M. Reppert  , a former stockbroker  who was previously registered with Madison Avenue Securities , disclose an $18.3 million pending 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 December of 2019 a customer of Reppert’s previous employer, MML Investors Services, Inc. , alleges that a variable life insurance policy purchased was misrepresented.   The alleged damages are $18,300,000.   The case is pending.

Reppert was employed with Madison Avenue Securities 12/2017-12/2018. Prior to that he was employed by  Kalos Capital and MML Investors Services, Inc.   

Reppert discloses business  affiliations with Spectrum Advisors in Addison, TX,  and Advisors Excel in Topeka, KS.    

If you have questions about an account handled by Jon M. Reppert call for a no charge consultation with an experienced securities attorney .

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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Joseph Roop-Former Kalos Capital Broker-Discloses 6 Prior Customer Disputes & 1 Pending Customer Dispute-Belmont, NC

February- 2020 – Belmont, NC

The FINRA records of Joseph Patrick Roop,  a broker currently employed by  Dempsey Lord Smith,  disclose  6 prior customer disputes and 1 pending 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 10/2018  a  customer of Kalos Capital, Inc.  was paid $90,000 to  resolve allegations of unsuitable investments and sale of securities by a rep that was not property registered in the State of Alabama.

Between 8/2010 and 1/2014, three Bank of America Investment Services customers were paid a total of $115,500 to resolve allegations including misrepresentation, omission of material facts,  excessive trading, unsuitable investments by Roop.

In 2/2009 and in 6/2009, two customers of Wachovia Securities were paid a total of $141,000 to resolve allegations that included unsuitable options trading.

In 5/2019 a Kalos Capital, Inc., client filed FINRA case #19-2019 alleging unsuitable investments in alternative investments and alleges damages of $450,000.  The case is pending.

Joseph Patrick Roop  has been employed with Dempsey Lord Smith since 7/2019.   Before that he was with Kalos Capital from 4/2009 until 7/2019.   He was previously with Wachovia Securities and bank of America Investment Services.    

If you have questions about an account  handled by Joseph Patrick Roop  call for a no charge consultation to learn more about your legal 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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Steven Netzel-Former Kalos Capital Broker-Discloses Pending $300K Customer Dispute-Sun Lakes, AZ

February 2020 – Sun Lakes, AZ

The FINRA records of Steven M. Netzel  , a stockbroker  who is currently not registered and who previously was employed by Kalos Capital , disclose  a currently pending 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 March of 2012, Arizona Corporation Commission Securities Division issued sanctions, and fined Netzel $10,000 to resolve allegations that he sold unregistered securities.

In 10/2019 FINRA case #19-02921 was filed by a customer of  Netzel’s previous employer – Kalos Capital, Inc.  alleging unsuitable recommendations in oil & gas, real estate and other private equity and alternative investments. Damages of $300,000 are sought.

Netzel  was employed with Madison Avenue Securities  from June 2019 until August 2019.   He was with Kalos Capital, Inc. from November 2013 until June of 2019.   Prior to that he was with Madison Avenue Securities from 2/2009-12/2013.

Netzel discloses business affiliations with Netzel Financial, dba Affordable Supplemental, Inc. , Netzel Holdings LLC and Val Vista Capital Management  in Sun Lakes, AZ.

If you have questions about an account handled by Steven M. Netzel  call for a no charge consultation with an experienced securities attorney .

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.

International 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