Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on February 15, 2017 indicate that Nevada-based Allegis Investment Services broker/adviser Pete Klaas has been named in a pending regulatory complaint as well as resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Klaas (CRD# 2381681).
Pete Klaas has spent 23years in the securities industry and has been registered with Allegis Investment Services in Las Vegas, Nevada since April 2017. Previous registrations include Allegis Investment Services in Idaho Falls, Idaho (2014-2017); Signator Financial Services in Idaho Falls, Idaho (2011-2014); LPL Financial in Idaho Falls, Idaho (2007-2011); Financial Network Investment Corporation in Idaho Falls, Idaho (2003-2007); Edward Jones in St. Louis, Missouri (2002-2003); Cuna Brokerage Services in Waverly, Iowa (1995-2002); WMA Securities in Duluth, Georgia (1994-1995); and Fidelity Brokerage Services in Smithfield, Rhode Island (1993-1994). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on May 1, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 25, 2017; Series 7 (General Securities Representative Examination), which he obtained on December 13, 1993; and Series 24 (General Securities Principal Examination), which he obtained on November 6, 2007. He is a registered broker and investment adviser with four US states and territories: Arizona, Idaho, Nevada and Utah..
According to his BrokerCheck report, he has received three customer complaints, one pending customer complaint, and one pending regulatory complaint.
In September 2017 a customer alleged Pete Klaas, while employed at Allegis Investment Advisors, misrepresented material facts and implemented an unsuitable options strategy. The customer is seeking $456,529 in damages in the pending complaint.
In May 2017 he was named respondent in a complaint by the Colorado Division of Securities alleging he placed advisory clients in risky, complex option trades which their customers did not fully understand. The complaint remains pending.
In 2016 a customer alleged Pete Klaas, while employed at Allegis Investment Services, failed to follow instructions to exit the market when asked and executed a trade that resulted in a loss. The complaint settled for $105,000
In 2016 a customer alleged Pete Klaas, while employed at Allegis Investment Services, failed to follow the agreed upon risk tolerance and participated in “trade activity” that caused loss. The complaint settled for $30,000.
In 2015 a customer alleged he, while employed at Allegis Investment Services, failed to follow instructions to reserve “specific amount of money” from risk and instead included it in the investment strategy. The complaint settled for $8,000.
If you or someone you know has complaints regarding Pete Klaas, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.