ERIC PETER WESCHKE of Kalos Capital

Soreide Law Group has been contacted by investors regarding the broker:
ERIC PETER WESCHKE (CRD#: 2486324)
Weschke is currently registered both as an investment advisor and broker with KALOS CAPITAL, INC. of SETAUKET, NEW YORK, since May 16, 2011.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, ERIC PETER WESCHKE has been registered in the securities industry for 23 years and has 21 disclosures on his FINRA CRD report.  Of the 21 disclosures, 19 are “Customer Disputes” dating back to 1998. The significance of ERIC PETER WESCHKE’s FINRA Customer Complaints is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of three or more customer complaints. In other words Weschke’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints. 
Of the 19 Customer Disputes, 16 have settled, 2 are pending, and 1 was closed with no action.  The broker has commented denying all allegations.  Some of the allegations from the settled claims include; breach of fiduciary duty, suitability, over-concentration in alternative investments, failure to supervise, negligence, breach of contract, and unsuitable recommendations and use of margin.  The settlement amounts ranged from $7,500.00 in 1998, to $152,923.00 in 2020.
The 2 pending Customer Disputes were filed in 2021 and are requesting damages of $150,000.01 and $138,000.00 following allegations in part of “misrepresentations and failure to disclose, unsuitable investments, and unjust enrichment.”
ERIC PETER WESCHKE also has 2 Regulatory Disclosures on his FINRA CRD report, filed in 2000 and 2002.
According to BrokerCheck, Weschke was listed with 8 firms in his 23 years in the securities industry.
If you’ve experienced investment losses due to the actions or recommendations of ERIC PETER WESCHKE with KALOS CAPITAL, INC. of SETAUKET, NEW YORK, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group works on a contingency fee basis and represents our clients nationwide before FINRA.