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Steven Netzel Formerly With Madison Avenue Securities, LLC and Kalos Capital, Inc. Has 9 Customer Complaints For Alleged Broker Misconduct

Who is Steven Netzel formerly with Madison Avenue Securities, LLC?

Steven Netzel

Steven Netzel (CRD #2863170) who was formerly registered with Madison Avenue Securities, LLC and located in Sun Lakes, Arizona, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Madison Avenue Securities, LLC, Steven Netzel was associated with Kalos Capital, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Steven Netzel also had his share of regulatory problems. In 2012 he was ordered by the State of Arizona to cease-and-desist from selling securities that were not registered or exempt from registration and fined for his misconduct. In 2023, he was suspended for 4 months and fined $10,000 and ordered to pay approximately another $10,000 in restitution for making unsuitable investment recommendations and allegedly altering client information on the firm’s books and records.

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Steven Netzel Customer Complaints

Steven Netzel has been the subject of 9 customer complaints that we know about seeking to recover investment losses. Eight of the customer complaints were settled by Kalos Capitol in favor of the investors. Another customer complaint was recently filed against Madison Avenue Securities for Steven Netzel’s alleged misconduct in a FINRA arbitration proceeding that is still pending.

Allegations Against Steven Netzel

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

  • Claimant alleged that financial advisor made unsuitable recommendations to invest in private equity in alternative investments.
  • Customer alleged misrepresentations of material fact and unsuitable investment recommendations related to direct investments in the oil and gas and real estate sectors.
  • Claimant alleged misrepresentation, breach of fiduciary duty, unsuitable investment recommendations, over-concentration of clients portfolio in direct investments in the oil and gas, and real estate sectors.
  • Unsuitable recommendations, breach of contract, and breach of fiduciary duty.
  • Unsuitable investment recommendations involving private equity in alternative investments.
  • Unsuitable high risk, illiquid, high commission alternative investments.

Steven Netzel Red Flags & Your Rights As An Investor

Of course, Steven Netzel 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 Steven Netzel at Madison Avenue Securities, LLC and Kalos Capital, Inc. on alert to review carefully the activity and performance of their accounts and question whether Steven Netzel has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Madison Avenue Securities, 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 Madison Avenue Securities, LLC Due To Steven Netzel

If you have questions about Madison Avenue Securities, LLC, Kalos Capital, Inc. and/or Steven Netzel 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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