Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 20, 2017 indicate that Nevada-based Cetera Advisor Networks broker/adviser Pete Klaas has been named in a pending regulatory complaint. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Klaas (CRD# 2381681).
Pete Klaas has spent 23 years in the securities industry and has been registered with Cetera Advisor Networks in Las Vegas, Nevada since April 2017. Previous registrations include Allegis Investment Services in South Jordan, Utah; Signator Financial Services in Idaho Falls, Idaho; LPL Financial in Idaho Falls, Idaho; Financial Network Investment Corporation in Idaho Falls, Idaho; Edward Jones in St. Louis, Missouri; Cuna Brokerage Services in Waverly, Iowa; WMA Securities in Duluth, Georgia; and Fidelity Brokerage Services in Smithfield, Rhode Island. He has passed four securities industry examinations: 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 24 (General Securities Principal Examination). He is a registered broker and investment adviser with Idaho and Nevada.
According to his BrokerCheck report, he has received three customer complaints, three pending customer complaints and one pending regulatory complaint.
In May 2017 he was named in a complaint by the Colorado Division of Securities alleging he and another representative “placed their advisory clients in high risk and complex option trades that their clients did not understand.” The action remains pending.
In 2016 a customer alleged Pete Klaas, while employed at Allegis Investment Advisors, failed to follow instructions. The complaint settled in February 2017 for $105,000.
In 2016 a customer alleged Pete Klaas, while employed at Allegis Investment Advisors, did not follow the agreed risk tolerance. The complaint settled for $30,000.
In 2016 a customer alleged Pete Klaas, while employed at Allegis Investment Advisors, recommended an unsuitable trading strategy. The customer is seeking $660,300 in the pending complaint, though Allegis asserts he is named improperly.
In 2015 a customer alleged he, while employed at Allegis Investment Services, recommended an unsuitable strategy. The customer is seeking $1,200,000 in the pending complaint, though Allegis asserts Mr. Klaas is named improperly.
If you have lost money investing with Pete Klaas, 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.