Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on January 16, 2017 indicate that Michigan-based Next Financial Group broker/adviser James Kraatz has been the subject of resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Kraatz (CRD# 2102044).
James Kraatz has spent 26 years in the securities industry and has been registered with Next Financial Group in Shelby Township, Michigan since 2008. Previous registrations include Capital Financial Services in Shelby Township, Michigan (2005-2008); Empire Financial Group, which has been expelled by FINRA, in Longwood, Florida (2003-2005); Freedom Financial in Omaha, Nebraska (2002-2003); and Thrivent Investment Management in Minneapolis, Minnesota (1990-2002). He is a registered broker and investment adviser with six US states: Colorado, Florida, Georgia, Michigan, New York, North Carolina, and South Carolina.
According to his BrokerCheck report, James Kraatz has received one customer complaint and one pending customer complaint.
In November 2016 a customer alleged James Kraatz, while employed at Next Financial Group, recommended an unsuitable and illiquid investment in a Leas Equity Appreciation Fund I (LEAF I) limited partnership. The customer is seeking $25,000 in damages in the pending complaint.
In 2012 a customer alleged James Kraatz, while employed at Capital Financial Services, breached his fiduciary duty, acted negligently, made unsuitable recommendations, committed fraud, and misrepresented material facts. The complaint settled in 2014 for $61,000.
If you have lost money investing with James Kraatz, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. 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.