| Read Time: 2 minutes |


Steven M. Netzel formerly with Madison Avenue Securities, LLC And Kalos Capital, Inc. Has 3 Customer Complaints for Alleged Broker Misconduct in the Past Year

Who is Steven M. Netzel formerly with Madison Avenue Securities, LLC and Kalos Capital, Inc.?

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., another investment advisory and brokerage firm 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.

Kalos Capital, Inc. Broker Misconduct

In his career, Steven Netzel has been the subject of 4 customer complaints that we know about, 3 of those complaints were filed in the last year to recover investment losses. All of those complaints arose in connection with his employment at Kalos Capital, Inc. One of Steven Netzel’s 4 customer complaints was settled in favor of investors. There are currently 3 pending customer complaints filed against Steven Netzel’s former employer Madison Avenue Securities, LLC for investment losses caused by his alleged misconduct.

Allegations Against Steven Netzel

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

  • The claimant alleged that the financial advisor made unsuitable recommendations to invest in private equity in alternative investments.
  • The customer alleged misrepresentations of material facts 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 indirect investments in the oil and gas, and real estate sectors.

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 Netzelhas engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints at Kalos Capital, Inc. about Steven Netzel also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses At Madison Avenue Securities, LLC

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

Author Photo

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.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars