Karl Ronald Foust Jr. of Boca Raton Florida a stockbroker and direct participation programs representative formerly registered with H.D. Investment Services is referenced in a customer initiated investment related arbitration claim in which the customer sought $95,000.00 in damages based upon allegations that the customer’s investment in Wimbledon Health Partners LLC was both misrepresented and unsuitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00858 (Mar. 13, 2018).
FINRA Public Disclosure reveals that Foust has been identified in five additional customer initiated investment related disputes containing accusations of his misconduct during the time that he was employed by H.D. Vest Investment Services. In particular, a customer filed an investment related civil action involving Foust’s conduct where the customer requested $200,000.00 in damages supported by allegations that Foust placed the customer in a Wimbledon Health Partners LLC security without having disclosed the terms of investing and the conflicts of interest that Foust had in the transaction. Civil Action No. 502017CA006128 (June 8, 2017).
Subsequently, a customer filed an investment related arbitration claim concerning Foust’s activities in which the customer sought $35,000.00 in damages founded on accusations that the customer was charged excessive commissions in reference to the transactions Foust effected in the customer’s individual retirement account; misrepresentations had been made to the customer about direct investment products; and unsuitable investment transactions were executed with the customer’s funds. FINRA Arbitration No. 17-01525 (June 22, 2017).
Further, on July 3, 2017, a customer filed an investment related complaint involving Foust’s conduct where the customer requested $49,000.00 in damages based upon allegations that the customer’s assets were inappropriately allocated in Equity Trust Company and Wimbledon Health Partners. Thereafter, a customer filed an investment related arbitration claim regarding Foust’s activities in which the customer sought $601,483.34 in damages supported by accusations of breach of contract, misrepresentation and unsuitable investment recommendations in regard to the customer’s investments in Wimbledon Health Partners promissory notes. Moreover, a customer filed an investment related civil action involving Foust’s conduct where the customer requested $167,000.00 in damages founded on allegations of omissions and poor investment performance of the customer’s promissory notes. Civil Action No. 502018CA000791 (Jan. 25, 2018).
Foust’s registration with H.D. Investment Services was terminated on June 25, 2014.
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