Category Archives: KCD Financial

Mark Sitter-Former Capital FInancial Services Broker-Discloses $500K Pending Customer Dispute- Shenandoah, TX

October 2020- Shenandoah, TX

According to publicly available records,  Mark Sitter (CRD#1810591), a  stockbroker formerly employed by Capital Financial Services, discloses a pending customer dispute and 3 prior customer disputes.

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 2019 FINRA case #19-00655 was filed by a Capital Financial Services, Inc., customer alleging misrepresentation, breach of fiduciary duty and failure to supervise  and is seeking damages of $500,000.    This case is still pending.

In 11/2017 a customer of Capital Financial Services filed an arbitration seeking $100,000 and alleging that Sitter misrepresented the nature of an investment that was unsuitable. The case was settled for $72,000.

Sitter has been employed by KCD Financial, Inc. since August of 2019.   Before that time he was with Capital Financial Services, Inc and Merrill Lynch, Pierce, Fenner & Smith.  

If you had an account with Mark Sitter  that suffered losses, you may be entitled to collect damages from his prior employer. Call 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

Joel Blumenschein – Former Freedom Investors Corp. Broker -Discloses a Regulatory Event and Customer Dispute- Brookfield, WI

September 2018 – Brookfield, WI

According to publicly available records Joel Blumenschein  (CRD#1372334) ,  a  stockbroker who formerly was registered with Freedom Investors Corp.  disclose a Regulatory Event and a pending customer dispute which alleges churning.

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 April of 2012,  Blumenschein agreed to a three month  suspension and a $30,000 fine to resolve FINRA allegations that he mishandled a customer account.

In a pending dispute a customer of Freedom Investors alleges that Blumenschein churned and made unsuitable investments in their account from 2013-2016. A damage amount is not specified.

Blumenschein worked for Freedom Investors Corp. from 11/2002-8/2017. He is currently employed by KCD Financial.

If you have questions about an investment account handled by Joel R. Blumenschein, contact us for a no charge consultation to learn 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Henry C. Prange-KCD Financial Broker-Discloses Pending Customer Dispute

August 2016- Green Bay, WI

The FINRA records of Henry C. Prange, IV,  ,  a  stock broker who is currently  employed by KCD Financial, Inc.  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 currently pending FINRA Case 15-01069,  a customer of KCD Financial alleges damages of $35,000 for an unsuitable investment in an alternative product.

Prange has been employed by  KCD Investments  since 6/2010. Prior to that he was employed by Packerland Brokerage Services from 11/2008-6/2010.

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

Randall A. Heller -KCD Financial Broker-Discloses Customer Dispute Over REIT Investment

August 2016- Oak Lawn, IL

The FINRA records of Randall A. Heller ,  a  stock broker who is currently  employed by KCD Financial, Inc.  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 currently pending FINRA Case 15-01069,  a customer of KCD Financial alleges damages of $45,000 for an unsuitable investment in a real estate investment trust (REIT).

Heller has been employed by  KCD Investments  since 3/2005.

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

George P. Koulouris-KCD Financial Broker-Discloses Customer Disputes-Manlius, NY

August 2016- Manlius, NY

The FINRA records of George P. Koulouris ,  a  stock broker who is currently  employed by KCD Financial, Inc.  disclose a prior regulatory event, 6 prior customer disputes, one currently pending customer dispute and a termination.

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 the currently pending FINRA Case# 15-01946 a customer of Koulouris’ prior employer, Ridgeway & Conger, alleges that he was not an accredited investor and that certain private placements purchased through Ridgeway & Conger and Pinnacle Investments were not suitable. No specific damages are pleaded.

The prior customer disputes include:

  • FINRA Case 13-01507, in which a customer of Ridgeway & Conger and Pinnacle Investments alleged damages of $551,434 for violations of suitability standards and other claims. An arbitration panel awarded $258,000 against Koulouris‘ member firm.

In 2/2009 Koulouris was discharged from Pinnacle Investments who made the following allegations: “Client alleged that broker, George Koulouris, made an unsuitable recommendation regarding the purchase of New Visions Powerline Communications, Inc., an investment that allowed only accredited investors.

Koulouris has been employed by  KCD Investments  since 6/2014. Prior to that he was employed by Ridgeway & Conger from 3/2009-11/2013.

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