Tag Archives: Madison Avenue Securities

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

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

May 2017-Plano, Texas

According to publicly available records Mark A. Trewitt , (CRD# 1364490) ,  a   stockbroker who works for VFG Securities discloses 4 pending customer disputes and a prior customer dispute that has been settled.

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 2017 a customer of VFG Securities filed FINRA Case 17-0669 seeking damages of $300,000 alleging an over concentration of alternative investments, including limited partnerships, direct investments in equipment leasing, promissory notes and real estate investments.

In February 2017 a customer of Madison Avenue Securities and VFG Securities filed FINRA arbitration 17-0217 claiming damages of $400,000 and alleges that between 2007-2011 Trewitt sold the customer real estate investment trusts (REITs) and private placements that were misrepresented.

In June 2016 a customer of VFG Securities claimed damages of $130,000 for unsuitable recommendations and misrepresentations of investment program safety for investments made by Trewitt in limited partnerships and private placements made between December 2012-June 2015. The matter is currently pending.

In March 2016, in another matter that is currently pending, a customer of VFG Securities claimed damages of $213,000 for poor and unsuitable recommendations and advice and deceptive marketing practices by Trewitt related to direct investments, limited partnerships and private placements.

In a prior matter that was settled in 12/2014 a customer of VFG Securities alleged a misappropriation of his investment in KBR Barons Cove, a private placement. That matter was settled with Trewitt buying back the investment from the customer for the $25,000 purchase price.

Trewitt has been employed by VFG Securities since 11/2010 and has been employed by Niagara International Securities since 4/2017. Prior to that he was employed by Madison Avenue Securities in Plano, TX, from 9/2006- 11/2010.

Mark A. Trewitt discloses numerous other business activities with other entities, including:

  • Insurance Funding Solutions
  • Integrated Financial Solutions
  • First Financial Resources
  • Stop the Wealth Leakage, LLC
  • Exceptional Risk Advisors
  • First Life Funding & Succession Capital Alliance
  • SDC Energy (Sandview Development Corp.)
  • Kosmos Management, LLC 

If you have questions about an account handled by Mark A. Trewitt, call to discuss your options.

Alternative investments include non publicly traded real estate investment trusts (REITS) , hedge funds, real estate, commodities and derivatives contracts and, managed futures.  These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

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