The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding the Wisconsin-based brokerage and advisory firm KCD Financial, Incorporated (CRD# 127473).
Formed in Wisconsin in 2003, KCD Financial is headquartered in De Pere, Wisconsin and registered in forty-four US states and territories. Joel Reid Blumenschein is President; Lori Lea Rastall is Chief Compliance Officer; David Scott Wilson is Assistant Compliance Officer.
According to the firm’s BrokerCheck report, KCD Financial is the subject of three regulatory sanctions.
In 2013 the Financial Industry Regulatory Authority (FINRA) sanctioned KCD Financial following allegations, among others, the firm permitted its registered representatives to attract customers through the use of false, misleading, exaggerated and unwarranted statements, and advertisements for products that did not exist. KCD Financial was censured and issued a fine of $5,000.
In 2011 the State of Nevada sanctioned KCD Financial following allegations the firm paid transaction-based payments to two sales representatives who were not licensed in Nevada. KCD Financial was issued a fine of more than $62,400.
In 2006 the National Association of Securities Dealers (NASD) sanctioned KCD Financial following allegations, among others, the firm failed to accurately report its municipal securities customers and inter-dealer transactions to the Municipal Securities Rulemaking Board (MSRB), failed to accurately report its corporate debt securities customers, failed to disclose its role as acting broker-dealer in confirmations involving municipal debt securities actions, and failed to maintain adequate supervisory protocol with respect to applicable securities laws and regulations. KCD Financial was censured and issued a fine of $9,000.
If you have lost money investing with KCD Financial, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover your losses. All cases are taken on contingency: we only get paid if and when you recover money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.