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Joseph Roop Formerly With Dempsey Lord Smith, LLC and Kalos Capital, Inc. Has 14 Customer Complaints For Alleged Broker Misconduct

Who is Joseph Roop formerly with Dempsey Lord Smith, LLC?

Joseph Roop

Joseph Roop (CRD #2774470) who was formerly registered with Dempsey Lord Smith, LLC and located in Belmont, North Carolina, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Dempsey Lord Smith, LLC, Joseph Roop was associated with Kalos Capital, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Joseph Roop Customer Complaints

Joseph Roop has been the subject of 14 customer complaints that we know about to recover investment losses. Ten customer complaints were settled by Joseph Roop’s former employers in favor of the investors. One dispute was denied by Kalos Capital and to date, the investor has not taken any further action. There are currently 3 arbitrations pending against the advisor’s current and former employers.

Allegations Against Joseph Roop

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses follows:

  • Negligence, breach of fiduciary duty, misrepresentation, and violations of FINRA’s conduct rules.
  • Suitability issues regarding REITs.
  • Failure to disclose illiquidity of investment.
  • Failure to disclose nature mechanics and risk of option trading in client’s account.
  • Unsuitable option transactions.
  • Unsuitable investments and equities and options and margin account.
  • Misrepresentations and excessive trading.
  • Unsuitability, breach of fiduciary duty, and negligence.

Joseph Roop Red Flags & Your Rights As An Investor

Of course, Joseph Roop did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Joseph Roop at Dempsey Lord Smith, LLC and Kalos Capital, Inc. on alert to review carefully the activity and performance of their accounts and question whether Joseph Roop has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Dempsey Lord Smith, LLC and Kalos Capital, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Dempsey Lord Smith, LLC Due To Joseph Roop

If you have questions about Dempsey Lord Smith, LLC, Kalos Capital, Inc.  and/or Joseph Roop and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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