Curtis Leroy Whipple, of Plymouth, Michigan, a stockbroker currently registered with Kalos Capital, Inc., has been named in a customer initiated investment related arbitration claim, which settled on March 3, 2017, for $14,999.00 in damages founded upon allegations that he breached his contractual and fiduciary obligations to the customer, and negligently handled the customer’s investment account concerning direct investment products and real estate securities transactions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Whipple has been identified in three additional customer initiated investment related disputes containing allegations of his wrongdoing while employed with Sigma Financial Corporation, Investacorp, Inc., and Kalos Capital, Inc. Particularly, on October 14, 2005, a customer filed an investment related written complaint involving Whipple’s conduct, in which the customer requested $753,097.34 in damages based upon allegations that Whipple failed to deliver prospectuses to the customer, and made misrepresentations regarding equity indexed annuities, direct participation programs, and mutual fund investments purchased by the customer.
Subsequently, on August 23, 2016, a customer initiated investment related arbitration claim concerning Whipple’s activities was resolved for $14,999.99 in damages based upon allegations that he facilitated the customer’s real estate securities as well as fixed and annuity transactions despite the products having been unsuitable for the customer. Moreover, on April 24, 2017, a customer filed an investment related arbitration claim involving Whipple’s conduct, where the customer sought $99,000.00 in damages based upon allegations that he effected unsuitable stock transactions in the customer’s account.
Whipple has also been subject of a regulatory sanction in reference to his misconduct. Specifically, on June 26, 2000, he was fined $10,000.00 and suspended from associating with any National Association of Securities Dealers member in any capacity pursuant to a Decision and Order of Settlement containing findings that Whipple, while associated with Linsco / Private Ledger Corp, failed to provide the firm with notification of outside business activities that he engaged in, and pursued the settlement of a customer initiated investment related dispute away from his firm. Case No. C8A000026 (June 26, 2000). NASD found that Whipple’s conduct was violative of Rules 3030 and 2110.
Guiliano Law Group
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